Israel: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Israel

The Israeli non-propelled vehicle market skyrocketed to $X in 2021, rising by 83% 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 relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Propelled Vehicle Exports

Exports from Israel

Non-propelled vehicle exports from Israel soared to X units in 2021, with an increase of 56% against the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 379% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-propelled vehicle exports soared to $X in 2021. Over the period under review, exports showed a temperate increase. The growth pace was the most rapid in 2013 when exports increased by 170%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-propelled vehicle exports from Israel, with a 38% share of total exports. Moreover, non-propelled vehicle exports to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. Chile (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +94.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.4% per year) and Chile (-54.5% per year).

In value terms, the United States ($X) remains the key foreign market for non-propelled vehicle exports from Israel, comprising 38% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Chile, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.8% per year) and Chile (-53.6% per year).

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2021, growing by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2018 an increase of 39%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Jordan ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into Israel

In 2021, imports of vehicles not mechanically propelled into Israel surged to X units, increasing by 77% against the year before. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of non-propelled vehicle imports to Israel, with a combined 80% share of total imports. These countries were followed by Spain, Greece, Turkey, Taiwan (Chinese), Italy and Hong Kong SAR, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest non-propelled vehicle suppliers to Israel, together comprising 80% of total imports. These countries were followed by Spain, Greece, Turkey, Taiwan (Chinese), Italy and Hong Kong SAR, which together accounted for a further 14%.

Among the main suppliers, Turkey, with a CAGR of +32.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2021, with an increase of 3.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 7.4% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Hong Kong SAR ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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