Israel: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Israel

The Israeli vacuum cleaner with motor market skyrocketed to $X in 2021, picking up by 32% 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). Over the period under review, consumption continues to indicate a remarkable increase. Vacuum cleaner with motor consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Vacuum Cleaners With Motor

Exports from Israel

In 2021, overseas shipments of vacuum cleaners with motor decreased by -13.3% to X kg, falling for the second year in a row after two years of growth. In general, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2015 with an increase of 161%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports contracted slightly to $X in 2021. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 163% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for vacuum cleaner with motor exports from Israel, accounting for a 46% share of total exports. Moreover, vacuum cleaner with motor exports to Germany exceeded the volume sent to the second major destination, Brazil (X kg), twofold. The third position in this ranking was taken by Georgia (X kg), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +97.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Georgia (+58.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for vacuum cleaners with motor exports from Israel, comprising 44% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports. It was followed by the Czech Republic, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and the Czech Republic (+18.7% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, increasing by 12% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor export price increased by +12.1% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 61% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Cleaners With Motor

Imports into Israel

Vacuum cleaner with motor imports into Israel surged to X tons in 2021, growing by 25% on the previous year's figure. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 50%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of vacuum cleaner with motor imports to Israel, together accounting for 83% of total imports. These countries were followed by Hong Kong SAR, the United Arab Emirates, Italy, Germany and Malaysia, which together accounted for a further 6.5%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +690.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and the United States ($X) constituted the largest vacuum cleaner with motor suppliers to Israel, together comprising 79% of total imports. These countries were followed by Hong Kong SAR, Germany, the United Arab Emirates, Italy and Malaysia, which together accounted for a further 4.5%.

The United Arab Emirates, with a CAGR of +704.1%, recorded 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 vacuum cleaner with motor import price amounted to $X per ton, growing by 5.9% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +53.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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