Israel: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Israel

The Israeli snow motor vehicle market reduced to $X in 2022, which is down by -11.1% 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). Overall, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Snow Motor Vehicle Exports

Exports from Israel

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars decreased by -14.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 955%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, snow motor vehicle exports reduced remarkably to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of 701%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X units), Slovenia (X units) and Singapore (X units) were the main destinations of snow motor vehicle exports from Israel, with a combined 68% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for snow motor vehicle exported from Israel were Georgia ($X), Slovenia ($X) and Singapore ($X), with a combined 69% share of total exports.

Georgia, with a CAGR of +93.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, shrinking by -5.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 281% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and South Africa ($X per unit), while the average price for exports to Cyprus ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Israel

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were imported into Israel; with a decrease of -16.5% compared with the previous year's figure. Over the period under review, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 147%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, snow motor vehicle imports reduced to $X in 2022. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest snow motor vehicle supplier to Israel, accounting for a 69% share of total imports. Moreover, snow motor vehicle imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.6% per year) and Taiwan (Chinese) (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Israel, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.8% per year) and Taiwan (Chinese) (+5.6% per year).

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, surging by 9.1% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 71%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for the United States ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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