Israel: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Israel

For the third year in a row, the Israeli wooden kitchen furniture market recorded growth in sales value, which increased by 16% to $X in 2022. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +124.5% against 2017 indices. Wooden kitchen furniture consumption peaked in 2022 and is expected to retain growth in years to come.

Wooden Kitchen Furniture Exports

Exports from Israel

In 2022, overseas shipments of wooden furniture for kitchens increased by 836% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture exports skyrocketed to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X units) was the main destination for wooden kitchen furniture exports from Israel, accounting for a 78% share of total exports. Moreover, wooden kitchen furniture exports to Cyprus exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +105.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.9% per year) and Italy (-27.7% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for wooden furniture for kitchens exports from Israel, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at +100.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.5% per year) and Italy (-26.2% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2014 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Israel

In 2022, overseas purchases of wooden furniture for kitchens increased by 19% to X units, rising for the fifth consecutive year after five years of decline. Overall, imports showed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wooden kitchen furniture imports surged to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 43%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of wooden kitchen furniture to Israel, accounting for a 50% share of total imports. Moreover, wooden kitchen furniture imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and China (-10.0% per year).

In value terms, Italy ($X) constituted the largest supplier of wooden furniture for kitchens to Israel, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and China (+4.8% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, picking up by 6.9% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 46%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($X per unit) and China ($X per unit), while the price for Turkey ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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