Israel: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Israel

In 2022, the Israeli natural stone sett market increased by 1.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Israel

In value terms, natural stone sett production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Natural stone sett production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in overseas shipments of natural stone setts, kerbstones and flagstones, when their volume increased by 1,410% to X tons. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 2,026% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 2,233%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for natural stone sett exports from Israel, with a 60% share of total exports. Moreover, natural stone sett exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Australia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Israel, comprising 60% of total exports. The second position in the ranking was held by Japan ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Australia (0.0% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price showed a slight slump. The pace of growth was the most pronounced in 2015 an increase of 18%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.8%).

Natural Stone Sett Imports

Imports into Israel

Natural stone sett imports into Israel surged to X tons in 2022, with an increase of 183% on the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 515%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, natural stone sett imports surged to $X in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 444% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest natural stone sett supplier to Israel, with a 63% share of total imports. Moreover, natural stone sett imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.1% per year) and Vietnam (+36.6% per year).

In value terms, Italy ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Israel, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Vietnam, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.5% per year) and Vietnam (+37.9% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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