Israel: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Israel

The Israeli washing and drying machine market skyrocketed to $X in 2021, with an increase of 18% 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). Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.1% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Household Washing and Drying Machines

Exports from Israel

In 2021, washing and drying machine exports from Israel dropped to X tons, with a decrease of -12.1% against the previous year's figure. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 73% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, washing and drying machine exports shrank to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 57%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Palestine (X tons) was the main destination for washing and drying machine exports from Israel, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Palestine totaled +8.3%.

In value terms, Palestine ($X) also remains the key foreign market for household washing and drying machines exports from Israel.

From 2012 to 2021, the average annual rate of growth in terms of value to Palestine stood at +6.5%.

Export Prices by Country

The average washing and drying machine export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2013 an increase of 3.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Palestine.

From 2012 to 2021, the rate of growth in terms of prices for Palestine amounted to -1.7% per year.

Imports of Household Washing and Drying Machines

Imports into Israel

Washing and drying machine imports into Israel rose markedly to X tons in 2021, picking up by 15% on 2020 figures. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.4% against 2014 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, washing and drying machine imports surged to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.1% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Turkey (X tons) were the main suppliers of washing and drying machine imports to Israel, together comprising 60% of total imports. Germany, Jordan, Italy and Singapore lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest washing and drying machine suppliers to Israel were Poland ($X), Turkey ($X) and China ($X), together comprising 62% of total imports. These countries were followed by Germany, Jordan, Italy and Singapore, which together accounted for a further 11%.

Singapore, with a CAGR of +28.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average washing and drying machine import price amounted to $X per ton, rising by 2.5% against the previous year. Overall, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Turkey ($X per ton) and Poland ($X per ton), while the price for Jordan ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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