Israel: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Israel

The Israeli electric heating radiator market shrank to $X in 2021, falling by -7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt shrinkage. Electric heating radiator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electric Heating Radiator Exports

Exports from Israel

In 2021, the amount of electric storage heating radiators exported from Israel contracted notably to X units, with a decrease of -22.8% against the previous year. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2019 with an increase of 99% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating radiator exports fell to $X in 2021. In general, exports saw a sharp curtailment. The growth pace was the most rapid in 2019 when exports increased by 87%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Singapore (X units) and the UK (X units) were the main destinations of electric heating radiator exports from Israel, with a combined 94% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of -3.9%), while the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for electric storage heating radiators exports from Israel, comprising 63% of total exports. The second position in the ranking was held by the UK ($X), with a 25% share of total exports. It was followed by Singapore, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to France totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-17.4% per year) and Singapore (-11.8% per year).

Export Prices by Country

In 2021, the average electric heating radiator export price amounted to $X per unit, with an increase of 18% against the previous year. Overall, the export price enjoyed perceptible growth. The growth pace was the most rapid in 2016 when the average export price increased by 90% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Taiwan (Chinese) (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Radiator Imports

Imports into Israel

In 2021, overseas purchases of electric storage heating radiators increased by 0.9% to X units, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports dropped remarkably to $X in 2021. Overall, imports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2020 with an increase of 32%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Lithuania (X units) and China (X units) were the main suppliers of electric heating radiator imports to Israel, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +47.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of electric storage heating radiators to Israel, comprising 66% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 20% share of total imports. It was followed by Spain, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+32.4% per year) and Spain (+28.8% per year).

Import Prices by Country

The average electric heating radiator import price stood at $X per unit in 2021, with a decrease of -19.4% against the previous year. Overall, the import price, however, showed a significant expansion. The growth pace was the most rapid in 2019 when the average import price increased by 87%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+70.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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