Israel: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Israel

In 2021, the Israeli motorised invalid carriage market increased by 4.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. Motorised invalid carriage consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Israel

In value terms, motorised invalid carriage production declined remarkably to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 514%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from Israel

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were exported from Israel; with a decrease of -87.7% on the year before. In general, exports showed a precipitous slump. The pace of growth was the most pronounced in 2016 with an increase of 298% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, motorised invalid carriage exports contracted markedly to $X in 2021. Overall, exports saw a sharp curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 285% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units), China (X units) and Mexico (X units) were the main destinations of motorised invalid carriage exports from Israel, together comprising 78% of total exports. Moreover, motorised invalid carriage exports in Switzerland exceeded the figures recorded by the second-largest exporter, China, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +18.9%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) emerged as the key foreign market for invalid carriages motorised or mechanically propelled exports from Israel, comprising 53% of total exports. The second position in the ranking was held by Mexico ($X), with a 24% share of total exports. It was followed by Switzerland, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-26.8% per year) and Switzerland (+14.7% per year).

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, which is down by -36.2% against the previous year. In general, the export price, however, posted perceptible growth. The growth pace was the most rapid in 2018 when the average export price increased by 124% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($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 Singapore (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Israel

In 2021, imports of invalid carriages motorised or mechanically propelled into Israel skyrocketed to X units, with an increase of 28% on 2020. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, motorised invalid carriage imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of motorised invalid carriage imports to Israel, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Germany ($X) were the largest motorised invalid carriage suppliers to Israel, with a combined 74% share of total imports.

China, with a CAGR of +58.3%, saw the highest rates of growth with regard to 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 motorised invalid carriage import price amounted to $X per unit, rising by 2.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 23%. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Sweden ($X per unit), while the price for China ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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