Israel: Ignition Magneto Market 2024

Ignition Magneto Market Size in Israel

The Israeli ignition magneto market expanded to $X in 2021, increasing by 1.9% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Ignition Magneto Production in Israel

In value terms, ignition magneto production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Ignition Magneto Exports

Exports from Israel

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported from Israel; with an increase of 91% against the year before. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2013 with an increase of 223%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, ignition magneto exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 260% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for ignition magneto exports from Israel, accounting for a 68% share of total exports. Moreover, ignition magneto exports to Spain exceeded the volume sent to the second major destination, Poland (X units), more than tenfold. Jordan (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.3% per year) and Jordan (+28.4% per year).

In value terms, Spain ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Israel, comprising 66% of total exports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +93.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.7% per year) and Germany (+5.4% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, picking up by 18% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Mexico ($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 Mexico (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Israel

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were imported into Israel; remaining constant against the previous year. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 169% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ignition magneto imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 197% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest ignition magneto supplier to Israel, accounting for a 45% share of total imports. Moreover, ignition magneto imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by South Korea (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.6% per year) and South Korea (-20.9% per year).

In value terms, the United States ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Israel, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by South Korea, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.6% per year) and South Korea (-14.5% per year).

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, jumping by 78% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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