Israel: Knitted Fabric Market 2024

Knitted Fabric Market Size in Israel

The Israeli knitted fabric market shrank dramatically to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Knitted Fabric Production in Israel

In value terms, knitted fabric production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Knitted fabric production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Knitted Fabric Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in overseas shipments of knitted or crocheted fabrics, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, knitted fabric exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for knitted fabric exports from Israel, with a X% share of total exports. Moreover, knitted fabric exports to the United States exceeded the volume sent to the second major destination, Egypt (X tons), sixfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for knitted or crocheted fabrics exports from Israel, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Canada (X% per year).

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into Israel

Knitted fabric imports into Israel contracted rapidly to X tons in 2022, declining by X% compared with the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted fabric imports reduced to $X in 2022. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of knitted fabric imports to Israel, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Turkey ($X) and South Korea ($X) appeared to be the largest knitted fabric suppliers to Israel, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average knitted fabric import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Turkey ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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