Israel: Carpet Market 2024

Carpet Market Size in Israel

The Israeli carpet market contracted to $X in 2022, dropping by X% against the previous year. In general, the total consumption indicated perceptible growth 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Carpet Production in Israel

In value terms, carpet production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Carpet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports from Israel

In 2022, approx. X square meters of carpets and other textile floor coverings were exported from Israel; which is down by X% on the previous year. Over the period under review, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, carpet exports fell markedly to $X in 2022. In general, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X square meters) was the main destination for carpet exports from Israel, accounting for a X% share of total exports. Moreover, carpet exports to Greece exceeded the volume sent to the second major destination, the United States (X square meters), twofold. The third position in this ranking was taken by the UK (X square meters), with a X% share.

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

In value terms, the largest markets for carpet exported from Israel were the United States ($X), Greece ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Greece, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

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

Carpet Imports

Imports into Israel

In 2022, supplies from abroad of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2021, and then reduced in the following year.

In value terms, carpet imports declined to $X in 2022. Overall, total imports 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest carpet supplier to Israel, with a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fivefold. India (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Israel, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per square meter), while the price for Cyprus ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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