Israel: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in Israel

The Israeli wooden furniture treatments market soared to $X in 2021, increasing by 17% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Wooden furniture treatments consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Israel

In value terms, wooden furniture treatments production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible downturn. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Israel

In 2021, the amount of polishes and creams for wooden furniture and floors exported from Israel declined notably to X tons, which is down by -69.4% on the previous year's figure. Overall, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2013 with an increase of 166%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports contracted remarkably to $X in 2021. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of 172% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Germany (X tons) and the United States (X tons) were the main destinations of wooden furniture treatments exports from Israel, with a combined 82% share of total exports. These countries were followed by Italy, Ukraine, New Zealand and Belgium, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Romania ($X), Germany ($X) and the United States ($X) were the largest markets for wooden furniture treatments exported from Israel worldwide, together comprising 81% of total exports. Italy, Ukraine, New Zealand and Belgium lagged somewhat behind, together accounting for a further 19%.

Belgium, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments export price decreased by -15.1% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Italy ($X per ton) and Ukraine ($X per ton), while the average price for exports to Germany ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Israel

In 2021, purchases abroad of polishes and creams for wooden furniture and floors decreased by -29% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wooden furniture treatments imports declined notably to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 81%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Italy (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of wooden furniture treatments imports to Israel, with a combined 64% share of total imports. Germany, the Netherlands, China and Denmark lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Turkey ($X) appeared to be the largest wooden furniture treatments suppliers to Israel, together comprising 64% of total imports. Germany, the Netherlands, China and Denmark lagged somewhat behind, together accounting for a further 28%.

China, with a CAGR of +57.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, waning by -5.7% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments import price increased by +70.7% against 2014 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 27%. The import price peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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