Israel: Plastic Furniture Market 2024

Plastic Furniture Market Size in Israel

For the fourth year in a row, the Israeli plastic furniture market recorded growth in sales value, which increased by 16% to $X in 2021. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.6% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Plastic Furniture Production in Israel

In value terms, plastic furniture production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced downturn. The growth pace was the most rapid in 2020 when the production volume increased by 57% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports from Israel

In 2021, overseas shipments of furniture of plastic increased by 29% to X units, rising for the second consecutive year after three years of decline. In general, exports showed a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 68% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic furniture exports surged to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +143.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), the United States (X units) and Kazakhstan (X units) were the main destinations of plastic furniture exports from Israel, together comprising 61% of total exports.

From 2012 to 2021, the biggest increases were in Kazakhstan (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and Kazakhstan ($X) appeared to be the largest markets for plastic furniture exported from Israel worldwide, with a combined 61% share of total exports.

Kazakhstan, with a CAGR of +26.1%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, growing by 7.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Romania ($X per unit) and Russia ($X per unit), while the average price for exports to France ($X per unit) and Italy ($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 Romania (-0.2%), while the prices for the other major destinations experienced a decline.

Plastic Furniture Imports

Imports into Israel

In 2021, the amount of furniture of plastic imported into Israel totaled X units, increasing by 9.7% on the previous year's figure. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, plastic furniture imports surged to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of plastic furniture imports to Israel, with a combined 82% share of total imports. These countries were followed by Spain, the Netherlands, Poland, the United States, Germany, Hong Kong SAR, France, the UK and Switzerland, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture suppliers to Israel were China ($X), Italy ($X) and Turkey ($X), with a combined 82% share of total imports. Spain, the Netherlands, Poland, the United States, Germany, Hong Kong SAR, France, the UK and Switzerland lagged somewhat behind, together comprising a further 12%.

Spain, with a CAGR of +30.6%, saw 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 plastic furniture import price stood at $X per unit in 2021, rising by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per unit) and Turkey ($X per unit), while the price for the UK ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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