Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (CIF) - 2024
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (CIF) - 2024
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $93.5 per unit in October 2023, stabilizing at the previous month. Overall, the import price saw a slight decline. The pace of growth was the most pronounced in July 2023 when the average import price increased by less than 0.1% month-to-month. The import price peaked at $102 per unit in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Romania ($93.5 per unit) and India ($93.5 per unit), while the price for Italy ($93.5 per unit) and Spain ($93.5 per unit) were amongst the lowest.
From January 2023 to October 2023, the most notable rate of growth in terms of prices was attained by Romania (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $75 per unit, declining by -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2018 an increase of 40%. As a result, the export price reached the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($77 per unit) and Ghana ($76 per unit), while the average price for exports to Australia ($75 per unit) and Germany ($75 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 Georgia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel
In 2022, after three years of growth, there was significant decline in supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -8.1% to 2.1M units. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports reached the peak of 2.2M units, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use shrank to $192M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of $204M, and then declined in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.3 | 27.4 | N/A | 40.9 | 414.7% |
| China | 39.0 | 37.0 | 62.3 | 39.4 | 0.3% |
| Turkey | 16.2 | 26.1 | 33.1 | 35.9 | 30.4% |
| Italy | 31.3 | 21.1 | 28.0 | 20.5 | -13.2% |
| Hong Kong SAR | 1.4 | 4.8 | 2.9 | 7.2 | 72.6% |
| Romania | 4.6 | 3.1 | 4.0 | 4.3 | -2.2% |
| Spain | 3.0 | 2.1 | 3.4 | 3.9 | 9.1% |
| Bulgaria | 4.0 | 3.3 | 5.0 | 3.9 | -0.8% |
| India | 1.8 | 1.6 | 3.5 | 3.2 | 21.1% |
| Poland | 16.6 | 4.0 | 14.8 | 3.1 | -42.8% |
| Portugal | 2.0 | 2.5 | 3.4 | 3.0 | 14.5% |
| Germany | 4.5 | 2.6 | 5.1 | 2.4 | -18.9% |
| Lithuania | 6.1 | 1.5 | 7.8 | 0.9 | -47.2% |
| Others | 21.6 | 18.3 | 30.8 | 23.9 | 3.4% |
| Total | 153 | 155 | 204 | 192 | 7.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Israel in 2022:
- Switzerland (440.2K units)
- China (424.2K units)
- Turkey (386.9K units)
- Italy (220.8K units)
- Hong Kong SAR (77.2K units)
- Romania (46.3K units)
- Spain (42.5K units)
- Bulgaria (41.8K units)
- India (34.6K units)
- Poland (32.9K units)
- Portugal (32.5K units)
- Germany (25.7K units)
- Lithuania (9.6K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -11% to 51K units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a slight decline. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, the exports reached the peak of 61K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use declined rapidly to $3.8M in 2022. Overall, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of $5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,700 | 2,516 | 3,090 | 2,772 | 17.7% |
| United Kingdom | 242 | 319 | 290 | 351 | 13.2% |
| Georgia | N/A | 12.0 | 11.0 | 138 | 239.1% |
| France | 227 | 546 | 80.0 | 97.0 | -24.7% |
| Portugal | N/A | 8.0 | N/A | 66.0 | 187.2% |
| Bahrain | N/A | N/A | 4.0 | 62.0 | 1450.0% |
| Cyprus | 29.0 | N/A | 32.0 | 62.0 | 28.8% |
| Canada | 214 | 96.0 | 17.0 | 59.0 | -34.9% |
| Ghana | 285 | 398 | 155 | 25.0 | -55.6% |
| Germany | 116 | 253 | 108 | 19.0 | -45.3% |
| Australia | 62.0 | 117 | 307 | 3.0 | -63.6% |
| Switzerland | 173 | 286 | N/A | N/A | 65.3% |
| Tanzania | 643 | 2.0 | N/A | N/A | -99.7% |
| Others | 768 | 456 | 482 | 181 | -38.2% |
| Total | 4,459 | 5,009 | 4,576 | 3,835 | -4.9% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Israel in 2022:
- United States (36.7K units)
- United Kingdom (4.7K units)
- Georgia (1.8K units)
- France (1.3K units)
- Portugal (0.9K units)
- Bahrain (0.8K units)
- Canada (0.8K units)
- Cyprus (0.8K units)
- Ghana (0.3K units)
- Germany (0.3K units)
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