Price for Textiles; Worn Clothing and Other Worn Articles in Israel - 2024

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Israel (FOB) - 2024
2. Price for Textiles; Worn Clothing and Other Worn Articles in Israel (CIF) - 2024
3. Exports of Textiles; Worn Clothing and Other Worn Articles in Israel
4. Imports of Textiles; Worn Clothing and Other Worn Articles in Israel

Price for Textiles; Worn Clothing and Other Worn Articles in Israel (FOB) - 2024

The average export price for textiles; worn clothing and other worn articleses stood at $1,164 per ton in January 2024, remaining constant against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 7.4% m-o-m. As a result, the export price attained the peak level of $1,179 per ton; afterwards, it flattened through to January 2024.

Average prices varied noticeably for the major external markets. In January 2024, the countries with the highest prices were Sri Lanka ($1,164 per ton) and Ukraine ($1,164 per ton), while the average price for exports to South Korea ($1,164 per ton) and Canada ($1,164 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Israel (CIF) - 2024

In January 2024, the average import price for textiles; worn clothing and other worn articleses amounted to $1,434 per ton, remaining relatively unchanged against the previous month. 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 May 2023 when the average import price increased by 12% against the previous month. The import price peaked at $1,470 per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from the United States ($1,434 per ton) and Italy ($1,434 per ton), while the price for South Korea ($1,434 per ton) and Thailand ($1,434 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Russia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textiles; Worn Clothing and Other Worn Articles in Israel

In 2022, overseas shipments of textiles; worn clothing and other worn articleses decreased by -4.3% to 6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year.

In value terms, exports of textiles; worn clothing and other worn articleses reduced modestly to $7.1M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $7.2M, leveling off in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Israel in 2022:

1. Togo (4338.6 tons)
2. Georgia (627.2 tons)
3. Greece (285.5 tons)
4. Uzbekistan (89.8 tons)
5. Ukraine (78.1 tons)
6. United States (68.9 tons)
7. Italy (12.6 tons)
8. United Kingdom (10.9 tons)

Imports of Textiles; Worn Clothing and Other Worn Articles in Israel

In 2022, imports of textiles; worn clothing and other worn articleses into Israel soared to 1.8K tons, rising by 39% on 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of textiles; worn clothing and other worn articleses surged to $2.2M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 84%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Israel in 2022:

1. Italy (417.2 tons)
2. United States (378.7 tons)
3. Poland (218.0 tons)
4. United Kingdom (100.0 tons)
5. Netherlands (89.3 tons)
6. Thailand (89.3 tons)
7. France (74.6 tons)
8. Hungary (73.0 tons)
9. Germany (47.5 tons)
10. Canada (36.1 tons)
11. Belgium (27.9 tons)
12. Japan (19.7 tons)

Source: IndexBox Market Intelligence Platform