Israel: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Israel

The Israeli wooden furniture treatments market reduced to $X in 2022, which is down by -8.5% against the previous year. In general, consumption saw a relatively flat trend pattern. Wooden furniture treatments consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Israel

In value terms, wooden furniture treatments production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 31% against the previous year. Wooden furniture treatments production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Israel

In 2022, exports of polishes and creams for wooden furniture and floors from Israel declined markedly to X tons, which is down by -22.1% against the previous year. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 166%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports shrank remarkably to $X in 2022. In general, exports saw a precipitous decrease. The pace of growth appeared the most rapid in 2013 with an increase of 172% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for wooden furniture treatments exports from Israel, with a 80% share of total exports. Moreover, wooden furniture treatments exports to Romania exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X kg), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.5% per year) and the Netherlands (-48.1% per year).

In value terms, Romania ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Israel, comprising 80% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and the Netherlands (-46.1% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, shrinking by -6.7% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price decreased by -20.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Botswana ($X per ton), while the average price for exports to the United States ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Israel

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported into Israel; with an increase of 7% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 50%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports stood at $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of wooden furniture treatments imports to Israel, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and the United States ($X) constituted the largest wooden furniture treatments suppliers to Israel, with a combined 61% share of total imports.

Among the main suppliers, the United States, with a CAGR of +26.9%, 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 2022, the average wooden furniture treatments import price amounted to $X per ton, which is down by -3.3% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price decreased by -8.8% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 27%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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