Tufted Textile Fabric Market Overview in Israel
In value terms, tufted textile fabric production reduced markedly to $ in 2019 estimated in export prices. Overall, production, however, recorded a slight contraction. The growth pace was the most rapid in 2015 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.
The value of the tufted textile fabric market in Israel reduced slightly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2008 with an increase of % year-to-year. Israel consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.