Israel: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Israel

The Israeli hand-woven tapestry market contracted notably to $X in 2021, declining by -37.3% against the previous year. Over the period under review, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hand-Woven Tapestry Production in Israel

In value terms, hand-woven tapestry production dropped markedly to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 980%. Hand-woven tapestry production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hand-Woven Tapestry Exports

Exports from Israel

After two years of growth, shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais decreased by -92.3% to X kg in 2021. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 816% against the previous year. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, hand-woven tapestry exports shrank rapidly to $X in 2021. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 1,087%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The United States (X kg) was the main destination for hand-woven tapestry exports from Israel, accounting for a 66% share of total exports. Moreover, hand-woven tapestry exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), fourfold. The third position in this ranking was taken by Luxembourg (X kg), with a 6.9% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to the United States stood at +58.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.6% per year) and Luxembourg (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Israel, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the UK, with a 1.9% share.

From 2014 to 2021, the average annual rate of growth in terms of value to the United States amounted to +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.3% per year) and the UK (-16.5% per year).

Export Prices by Country

In 2021, the average hand-woven tapestry export price amounted to $X per ton, picking up by 18% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 29%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced a decline.

Hand-Woven Tapestry Imports

Imports into Israel

In 2021, the amount of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imported into Israel dropped remarkably to X tons, falling by -71.8% on 2020. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 282% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hand-woven tapestry imports declined markedly to $X in 2021. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 102% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest hand-woven tapestry supplier to Israel, accounting for a 35% share of total imports. Moreover, hand-woven tapestry imports from Germany exceeded the figures recorded by the second-largest supplier, Greece (X kg), twofold. The United States (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-20.2% per year) and the United States (+0.8% per year).

In value terms, the largest hand-woven tapestry suppliers to Israel were France ($X), Germany ($X) and Greece ($X), together comprising 64% of total imports.

In terms of the main suppliers, France, with a CAGR of +24.9%, saw the highest rates of growth with regard to the value of imports, 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 hand-woven tapestry import price amounted to $X per ton, with an increase of 18% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 95%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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