Israel: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Israel

After three years of decline, the Israeli wooden office furniture market increased by 19% to $X in 2021. In general, consumption showed a strong increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Wooden Office Furniture Exports

Exports from Israel

In 2021, shipments abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 7,689% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports reached $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 6,264% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Ireland (X units) and Poland (X units) were the main destinations of wooden office furniture exports from Israel, together comprising 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +84.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and Poland ($X) were the largest markets for wooden office furniture exported from Israel worldwide, together accounting for 82% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +80.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, with a decrease of -10.3% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden office furniture export price increased by +63.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Switzerland ($X per unit) and the United States ($X per unit), while the average price for exports to Japan ($X per unit) and Ireland ($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 Switzerland (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Israel

In 2021, overseas purchases of wooden furniture of a kind used in offices were finally on the rise to reach X units after three years of decline. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 57%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports rose markedly to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units), China (X units) and Turkey (X units) were the main suppliers of wooden office furniture imports to Israel, with a combined 57% share of total imports. These countries were followed by Italy, Lithuania, Germany, Finland and Estonia, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +107.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Israel were Poland ($X), China ($X) and Turkey ($X), with a combined 56% share of total imports. Italy, Lithuania, Germany, Finland and Estonia lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Finland, with a CAGR of +90.0%, recorded 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

The average wooden office furniture import price stood at $X per unit in 2021, reducing by -11.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2020, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Estonia ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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