Israel: Sails Market 2024

Sails Market Size in Israel

In 2022, after four years of growth, there was decline in the Israeli sails market, when its value decreased by -1.5% to $X. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Sails Production in Israel

In value terms, sails production shrank to $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55%. Sails production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sails Exports

Exports from Israel

In 2022, overseas shipments of sails increased by 247% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 7,021%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sails exports soared to $X in 2022. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 7,750%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Cyprus (X tons) was the main destination for sails exports from Israel, accounting for a 56% share of total exports. Moreover, sails exports to Cyprus exceeded the volume sent to the second major destination, Greece (X kg), threefold. The third position in this ranking was taken by Italy (X kg), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+55.5% per year) and Italy (+50.3% per year).

In value terms, Cyprus ($X) remains the key foreign market for sails exports from Israel, comprising 56% of total exports. The second position in the ranking was held by Greece ($X), with a 22% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+63.3% per year) and Italy (+35.3% per year).

Export Prices by Country

In 2022, the average sails export price amounted to $X per ton, picking up by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($X per ton) and Turkey ($X per ton), while the average price for exports to France ($X per ton) and Italy ($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 Turkey (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into Israel

In 2022, supplies from abroad of sails increased by 10% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 142% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, sails imports skyrocketed to $X in 2022. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 76%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sri Lanka (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of sails imports to Israel, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sails suppliers to Israel were Sri Lanka ($X), China ($X) and Hong Kong SAR ($X), together comprising 72% of total imports.

China, with a CAGR of +37.7%, saw the highest rates of growth with regard to 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

In 2022, the average sails import price amounted to $X per ton, increasing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 25%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Germany ($X per ton), while the price for Austria ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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