Israel: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Israel

In 2022, the Israeli market for window or wall air conditioning systems, self-contained or split-systems increased by 3.6% to $X, rising for the third consecutive year after three years of decline. Overall, consumption continues to indicate a buoyant expansion. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Israel

In 2022, overseas shipments of window or wall air conditioning systems, self-contained or split-systems increased by 113% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt decline. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Israel, accounting for a 53% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to Germany exceeded the volume sent to the second major destination, Jordan (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+80.0% per year) and the Netherlands (+49.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Israel, comprising 53% of total exports. The second position in the ranking was taken by Jordan ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+78.6% per year) and the Netherlands (+49.1% per year).

Export Prices by Country

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, waning by -22.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Jordan ($X per unit), while the average price for exports to the United States ($X per unit) and India ($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 Netherlands (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Israel

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems increased by 10% to X units, rising for the third year in a row after three years of decline. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 127% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +84.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of window, wall, or split air conditioning system to Israel, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.3%.

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Israel.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.8%.

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, shrinking by -9.1% against the previous year. In general, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 65%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.4% per year.

Source: IndexBox Platform

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