Israel: Non-Household Fan Market 2024

Non-Household Fan Market Size in Israel

After two years of growth, the Israeli non-household fan market decreased by -30% to $X in 2022. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Non-Household Fan Exports

Exports from Israel

In 2022, shipments abroad of non-household ventilation fans decreased by -33.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2015 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted dramatically in the following year.

In value terms, non-household fan exports fell dramatically to $X in 2022. In general, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Jordan (X units), India (X units) and the Netherlands (X units) were the main destinations of non-household fan exports from Israel, together comprising 35% of total exports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +112.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-household fan exported from Israel were the United States ($X), Jordan ($X) and the Netherlands ($X), with a combined 70% share of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +106.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, waning by -31.4% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Israel

Non-household fan imports into Israel shrank remarkably to X units in 2022, dropping by -24.1% compared with 2021 figures. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.3% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, non-household fan imports dropped rapidly to $X in 2022. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Israel, with a 60% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.2% per year) and Germany (+10.9% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest non-household fan suppliers to Israel, with a combined 62% share of total imports. Italy, Hong Kong SAR, Turkey, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 19%.

Turkey, with a CAGR of +18.5%, saw 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

The average non-household fan import price stood at $X per unit in 2022, shrinking by -10.7% against the previous year. Overall, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 23%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform