Manufacturers of furniture and other items that were once made in Israel are increasingly moving production to the U.S. and abroad as domestic demand outstrips demand for them, according to a report by the Israel-based Israeli Consumer Products Association.
According to the report, which was released on Thursday, the country’s furniture industry is now worth about $14 billion and is expected to grow to $24 billion by 2020.
But it is still not enough for the Israeli consumer.
According to the research, only a small fraction of the industry’s workers are employed in the country, with the rest employed abroad.
While a large percentage of the workers are foreign-born, a large number of Israeli-born workers are not.
A total of 16,000 foreign-based workers work in Israel’s furniture and accessories industries, a number that is expected by 2021.
The report noted that the domestic market is expected not to increase, while foreign manufacturers have not yet started moving production out of Israel.
Instead, the report said, the domestic demand for furniture is likely to continue to grow, leading to the domestic industry becoming more dependent on imports.
“The Israeli furniture industry’s current situation will likely continue to be a problem for years to come, particularly as the domestic furniture market continues to shrink, with imports of furniture outstripping domestic demand,” the report stated.
“We are witnessing an increase in the domestic product sector’s dependence on imports, which is particularly important given the global financial crisis,” the consumer advocacy group said.
According the study, the Israeli furniture sector is responsible for about 20 percent of the countrys total gross domestic product (GDP).
It is one of the largest exporters of furniture products to the world, with more than 50 percent of its exports coming from the U,S.
The report said that in addition to the furniture industry, the industry is also responsible for making clothing, clothing accessories, and household items.