Israel: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Israel

In 2021, the Israeli dry-cleaning machine market decreased by -7% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Dry-Cleaning Machine Production in Israel

In value terms, dry-cleaning machine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 8.2%. Dry-cleaning machine production peaked at $X in 2020, and then dropped in the following year.

Dry-Cleaning Machine Exports

Exports from Israel

In 2021, the amount of dry-cleaning machines exported from Israel skyrocketed to X units, picking up by 344% on the year before. In general, exports showed a perceptible increase. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dry-cleaning machine exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) was the main destination for dry-cleaning machine exports from Israel, with a 70% share of total exports. Moreover, dry-cleaning machine exports to China exceeded the volume sent to the second major destination, Angola (X units), fourfold. India (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-11.5% per year) and India (0.0% per year).

In value terms, China ($X) emerged as the key foreign market for dry-cleaning machines exports from Israel, comprising 79% of total exports. The second position in the ranking was held by India ($X), with a 20% share of total exports. It was followed by Germany, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Germany (-20.9% per year).

Export Prices by Country

In 2021, the average dry-cleaning machine export price amounted to $X per unit, rising by 430% against the previous year. Overall, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Angola ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.1%).

Dry-Cleaning Machine Imports

Imports into Israel

In 2021, approx. X units of dry-cleaning machines were imported into Israel; surging by 24% compared with 2020. Overall, imports posted a notable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 257% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports stood at $X in 2021. Over the period under review, imports posted slight growth. The pace of growth appeared the most rapid in 2020 when imports increased by 354%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Turkey (X units) and the UK (X units) were the main suppliers of dry-cleaning machine imports to Israel, together accounting for 52% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of dry-cleaning machines to Israel, comprising 34% of total imports. The second position in the ranking was held by the UK ($X), with a 10% share of total imports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-16.5% per year) and Turkey (+10.3% per year).

Import Prices by Country

In 2021, the average dry-cleaning machine import price amounted to $X per unit, declining by -9.1% against the previous year. In general, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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