Israel: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Israel

After five years of growth, the Israeli market for iron or steel gas domestic cooking appliances and plate warmers decreased by -28.5% to $X in 2022. Over the period under review, consumption, however, showed a prominent increase. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Israel

In 2022, exports of iron or steel gas domestic cooking appliances and plate warmers from Israel dropped sharply to X units, declining by -48.7% on the previous year's figure. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,693% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped markedly to $X in 2022. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,427%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Peru (X units) and Fiji (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Israel.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Peru ($X) and Fiji ($X) appeared to be the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Israel worldwide.

Fiji, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, reducing by -9.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 30%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Israel

In 2022, after five years of growth, there was significant decline in overseas purchases of iron or steel gas domestic cooking appliances and plate warmers, when their volume decreased by -36.1% to X units. Overall, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers fell rapidly to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to Israel, with a 52% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by Turkey (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.1% per year) and Turkey (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Israel, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.0% per year) and Turkey (+17.1% per year).

Import Prices by Country

In 2022, the average import price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Canada ($X per unit), while the price for China ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform