Israel: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Israel

The Israeli wood flat pallet market soared to $X in 2021, surging by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.4% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Flat Pallet Exports

Exports from Israel

For the third consecutive year, Israel recorded growth in shipments abroad of flat pallets and pallet collars of wood, which increased by 8.7% to X units in 2021. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 336% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood flat pallet exports skyrocketed to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 334% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X units), Germany (X units) and India (X units) were the main destinations of wood flat pallet exports from Israel, together comprising 76% of total exports. These countries were followed by Jordan, Egypt, Turkey, Bulgaria and the Netherlands, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood flat pallet exported from Israel were Spain ($X), Germany ($X) and India ($X), together comprising 76% of total exports. Jordan, Egypt, Turkey, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 20%.

Egypt, with a CAGR of +29.2%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average wood flat pallet export price amounted to $X per unit, with an increase of 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Turkey ($X per unit), while the average price for exports to Germany ($X per unit) and Jordan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Israel

In 2021, purchases abroad of flat pallets and pallet collars of wood increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% 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 +60.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 42%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, wood flat pallet imports surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Spain (X units) and Belgium (X units) were the main suppliers of wood flat pallet imports to Israel, with a combined 65% share of total imports. Poland, the Netherlands, Ireland, Bulgaria and Italy lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +92.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood flat pallet suppliers to Israel were Germany ($X), Spain ($X) and Belgium ($X), with a combined 65% share of total imports. Poland, the Netherlands, Ireland, Bulgaria and Italy lagged somewhat behind, together accounting for a further 27%.

Bulgaria, with a CAGR of +91.9%, recorded the highest growth rate of 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

The average wood flat pallet import price stood at $X per unit in 2021, with an increase of 32% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per unit) and Ireland ($X per unit), while the price for Spain ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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