Price for Embroidery; in the Piece, in Strips or in Motifs in Israel - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Israel (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Israel (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Israel
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Israel
Price for Embroidery; in the Piece, in Strips or in Motifs in Israel (CIF) - 2022
The average import price for embroidery; in the piece, in strips or in motifses stood at $70,764 per ton in 2022, rising by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($123,914 per ton), while the price for Myanmar ($46,579 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Israel (FOB) - 2022
In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $131,148 per ton, growing by 6.1% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for embroidery; in the piece, in strips or in motifses increased by +41.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. As a result, the export price attained the peak level of $163,265 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($133,333 per ton) and Mexico ($130,435 per ton), while the average price for exports to India ($125,000 per ton) and the Netherlands ($129,032 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Israel
In 2022, imports of embroidery; in the piece, in strips or in motifses into Israel surged to 67 tons, jumping by 17% against 2021 figures. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 50%.
In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $4.7M in 2022. Over the period under review, imports posted mild growth. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,303 | 1,041 | 1,667 | 2,253 | -0.7% |
| India | 1,290 | 527 | 1,271 | 1,149 | -3.8% |
| Myanmar | N/A | 155 | N/A | 448 | 70.0% |
| South Korea | 157 | 112 | 377 | 300 | 24.1% |
| Hong Kong SAR | 340 | 104 | 119 | 214 | -14.3% |
| Taiwan (Chinese) | 80.2 | 77.7 | 142 | 166 | 27.4% |
| Turkey | 225 | 75.4 | 113 | 88.0 | -26.9% |
| Others | 179 | 132 | 233 | 99.0 | -17.9% |
| Total | 4,573 | 2,224 | 3,921 | 4,717 | 1.0% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Israel in 2022:
- China (35.5 tons)
- Myanmar (9.6 tons)
- India (9.6 tons)
- South Korea (4.9 tons)
- Taiwan (Chinese) (2.6 tons)
- Hong Kong SAR (1.7 tons)
- Turkey (1.4 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Israel
For the third consecutive year, Israel recorded decline in shipments abroad of embroidery; in the piece, in strips or in motifses, which decreased by -89.6% to 122 kg in 2022. In general, exports recorded a dramatic setback. The smallest decline of -25.5% was in 2020.
In value terms, exports of embroidery; in the piece, in strips or in motifses reduced markedly to $16K in 2022. Overall, exports recorded a sharp decrease. The smallest decline of -6.1% was in 2020.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 120 | 116 | 131 | 8.0 | -59.5% |
| Netherlands | N/A | N/A | N/A | 4.0 | 0% |
| Mexico | 18.0 | N/A | N/A | 3.0 | -45.0% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Hong Kong SAR | 22.0 | N/A | 1.0 | N/A | -78.7% |
| Others | 38.0 | 70.0 | 13.0 | N/A | -41.5% |
| Total | 198 | 186 | 145 | 16.0 | -56.8% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Israel in 2022:
- United States (60.0 kg)
- Netherlands (31.0 kg)
- Mexico (23.0 kg)
- India (8.0 kg)
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