Israel: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Israel

For the fifth consecutive year, the Israeli metal frame upholstered seat market recorded growth in sales value, which increased by 104% to $X in 2021. Over the period under review, consumption enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Israel

In 2021, exports of upholstered seats with metal frames from Israel soared to X units, increasing by 72% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 972% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metal frame upholstered seat exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 14,300% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X units), Belgium (X units) and Russia (X units) were the main destinations of metal frame upholstered seat exports from Israel, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +1,027.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame upholstered seat exported from Israel were Serbia ($X), Belgium ($X) and Russia ($X), with a combined 78% share of total exports.

Serbia, with a CAGR of +909.5%, saw 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

The average metal frame upholstered seat export price stood at $X per unit in 2021, falling by -10.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 1,658%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Lithuania ($X per unit) and Turkey ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Serbia ($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 the Netherlands (+11.3%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Metal Frames

Imports into Israel

In 2021, purchases abroad of upholstered seats with metal frames increased by 136% to X units, rising for the fourth consecutive year after five years of decline. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Israel, accounting for a 74% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.7% per year) and Hong Kong SAR (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Israel, comprising 74% of total imports. The second position in the ranking was taken by Italy ($X), with an 8% share of total imports. It was followed by Hong Kong SAR, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.7% per year) and Hong Kong SAR (+13.2% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, declining by -19.7% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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