Israel: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in Israel

After four years of growth, the Israeli portable electric lamp market decreased by -0.3% to $X in 2022. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Portable Electric Lamp Production in Israel

In value terms, portable electric lamp production totaled $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 956%. Portable electric lamp production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Portable Electric Lamp Exports

Exports from Israel

In 2022, shipments abroad of portable electric lamps increased by 63% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a measured expansion 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, exports increased by +136.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, portable electric lamp exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for portable electric lamp exports from Israel, accounting for a 65% share of total exports. Moreover, portable electric lamp exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was taken by Italy (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.1% per year) and Italy (+40.1% per year).

In value terms, the United States ($X) remains the key foreign market for portable electric lamps exports from Israel, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.1% per year) and Italy (+36.3% per year).

Export Prices by Country

The average portable electric lamp export price stood at $X per unit in 2022, falling by -26.4% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained 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 States ($X per unit) and Germany ($X per unit), while the average price for exports to the UK ($X per unit) and Italy ($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 the UK (-2.7%), while the prices for the other major destinations experienced a decline.

Portable Electric Lamp Imports

Imports into Israel

In 2022, imports of portable electric lamps into Israel skyrocketed to X units, increasing by 23% compared with 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 47%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, portable electric lamp imports soared to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +57.7% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest portable electric lamp supplier to Israel, with a 76% share of total imports. Moreover, portable electric lamp imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.4% per year) and Hong Kong SAR (-11.5% per year).

In value terms, China ($X) constituted the largest supplier of portable electric lamps to Israel, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Hong Kong SAR, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and Hong Kong SAR (-7.2% per year).

Import Prices by Country

In 2022, the average portable electric lamp import price amounted to $X per unit, reducing by -2.8% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 2017 an increase of 20% against the previous year. The import price peaked at $X per unit in 2021, and then dropped slightly in the following year.

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 ($X per unit) and Hong Kong SAR ($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 the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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