Price for Wood; Statuettes and Other Ornaments of Wood in Israel - 2022

Price for Wood; Statuettes and Other Ornaments of Wood in Israel (CIF) - 2022

In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $7,420 per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 when the average import price increased by 11%. The import price peaked at $7,521 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($7,432 per ton) and India ($7,432 per ton), while the price for Thailand ($7,200 per ton) and Greece ($7,234 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Wood; Statuettes and Other Ornaments of Wood in Israel

In 2022, approx. 549 tons of wood; statuettes and other ornaments of wood were imported into Israel; with a decrease of -22.2% compared with the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of 706 tons, and then declined dramatically in the following year.

In value terms, imports of wood; statuettes and other ornaments of wood declined rapidly to $4.1M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of $5.2M, and then fell notably in the following year.

Import of Wood; Statuettes and Other Ornaments of Wood in Israel (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,043	1,777	4,142	3,118	15.1%
India	105	110	286	215	27.0%
Vietnam	96.0	28.0	229	172	21.5%
Indonesia	94.0	147	152	114	6.6%
Italy	133	176	38.0	85.8	-13.6%
Others	573	713	349	367	-13.8%
Total	3,044	2,951	5,196	4,073	10.2%