Israel: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Israel

The Israeli quilted textile products market expanded significantly to $X in 2021, with an increase of 12% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.8% against 2019 indices. Quilted textile products consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Quilted Textile Products Production in Israel

In value terms, quilted textile products production surged to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by 105%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Quilted Textile Products Exports

Exports from Israel

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) increased by 90% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 638%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, quilted textile products exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 326%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for quilted textile products exports from Israel, accounting for a 81% share of total exports. Moreover, quilted textile products exports to China exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. The third position in this ranking was taken by the United States (X kg), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +82.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+34.1% per year) and the United States (-3.1% per year).

In value terms, China ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Israel, comprising 64% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.6% share of total exports. It was followed by Hungary, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.5% per year) and Hungary (+22.1% per year).

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, falling by -7.1% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2013 when the average export price increased by 26%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Quilted Textile Products Imports

Imports into Israel

In 2021, supplies from abroad of quilted textile products in the piece (excluding embroidery) increased by 55% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 303% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, quilted textile products imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 301%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Hong Kong SAR (X tons) were the main suppliers of quilted textile products imports to Israel, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +100.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Hong Kong SAR ($X) appeared to be the largest quilted textile products suppliers to Israel, with a combined 69% share of total imports. These countries were followed by Turkey, Spain, Italy, Poland, the United States and Egypt, which together accounted for a further 18%.

Poland, with a CAGR of +60.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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