Hand-Made Lace Market

The hand-made lace market is experiencing an upward trend in demand worldwide, with Syrian Arab Republic leading in both consumption and production. Global consumption and production volumes are expected to increase with a CAGR of +2.5% and +4.4% respectively by 2030. The Philippines is the major importer, while Turkey is the main exporter of hand-made lace. Import prices declined in 2022, while export prices saw a slight shrinkage. Overall, the market shows growth potential in the coming years.

Market Forecast

Driven by increasing demand for hand-made lace in the piece, in strips or in motifs worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 19K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $183M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hand-Made Lace In The Piece, In Strips Or In Motifs

In 2022, global hand-made lace consumption rose sharply to 16K tons, increasing by 12% on 2021. The total consumption volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global hand-made lace market revenue surged to $130M in 2022, increasing by 21% 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). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

Syrian Arab Republic (8K tons) remains the largest hand-made lace consuming country worldwide, comprising approx. 51% of total volume. Moreover, hand-made lace consumption in Syrian Arab Republic exceeded the figures recorded by the second-largest consumer, China (1.1K tons), eightfold. The third position in this ranking was taken by the Philippines (894 tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Syrian Arab Republic was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+5.3% per year) and the Philippines (+41.3% per year).

In value terms, Syrian Arab Republic ($41M) led the market, alone. The second position in the ranking was held by the UK ($10M). It was followed by China.

In Syrian Arab Republic, the hand-made lace market shrank by an average annual rate of -4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+2.2% per year) and China (+4.2% per year).

In 2022, the highest levels of hand-made lace per capita consumption was registered in Syrian Arab Republic (412 kg per million persons), followed by the United Arab Emirates (47 kg per million persons), Cambodia (17 kg per million persons) and the UK (9.2 kg per million persons), while the world average per capita consumption of hand-made lace was estimated at 2 kg per million persons.

From 2012 to 2022, the average annual growth rate of the hand-made lace per capita consumption in Syrian Arab Republic was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (+1.8% per year) and Cambodia (+22.3% per year).

Production

World Production of Hand-Made Lace In The Piece, In Strips Or In Motifs

In 2022, approx. 14K tons of hand-made lace in the piece, in strips or in motifs were produced worldwide; increasing by 13% against 2021. In general, production saw a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, hand-made lace production contracted to $109M in 2022 estimated in export price. Over the period under review, production, however, saw a slight downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 24%. Over the period under review, global production hit record highs at $122M in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

Syrian Arab Republic (8K tons) constituted the country with the largest volume of hand-made lace production, accounting for 55% of total volume. Moreover, hand-made lace production in Syrian Arab Republic exceeded the figures recorded by the second-largest producer, China (1.5K tons), sixfold. Turkey (1.3K tons) ranked third in terms of total production with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Syrian Arab Republic was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: China (+0.5% per year) and Turkey (+5.2% per year).

Imports

World Imports of Hand-Made Lace In The Piece, In Strips Or In Motifs

In 2022, after two years of decline, there was significant growth in supplies from abroad of hand-made lace in the piece, in strips or in motifs, when their volume increased by 17% to 3.2K tons. Over the period under review, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2019 when imports increased by 110% against the previous year. As a result, imports reached the peak of 4.4K tons. From 2020 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, hand-made lace imports expanded slightly to $25M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of $34M. From 2020 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

The Philippines was the major importer of hand-made lace in the piece, in strips or in motifs in the world, with the volume of imports finishing at 894 tons, which was approx. 28% of total imports in 2022. Myanmar (290 tons) ranks second in terms of the total imports with a 9.2% share, followed by Cambodia (9.2%), India (6.3%) and Cote d'Ivoire (4.6%). The following importers - the United Arab Emirates (118 tons), Tanzania (106 tons), Bangladesh (86 tons), Tunisia (82 tons), Russia (76 tons), Egypt (72 tons) and Nepal (57 tons) - together made up 19% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace imports into the Philippines stood at +41.2%. At the same time, Myanmar (+88.8%), Egypt (+44.4%), India (+37.7%), Cote d'Ivoire (+31.4%), Russia (+26.7%), Cambodia (+23.4%), Nepal (+17.9%) and Tanzania (+12.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of +88.8% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-11.2%) and Bangladesh (-14.7%) illustrated a downward trend over the same period. While the share of the Philippines (+27 p.p.), Myanmar (+9.2 p.p.), Cambodia (+7.5 p.p.), India (+5.9 p.p.), Cote d'Ivoire (+4.2 p.p.), Egypt (+2.2 p.p.), Russia (+2.1 p.p.) and Tanzania (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United Arab Emirates (-15.2 p.p.) and Bangladesh (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($6.5M) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs worldwide, comprising 26% of global imports. The second position in the ranking was held by Tunisia ($3.2M), with a 13% share of global imports. It was followed by the Philippines, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Cambodia totaled +33.2%. In the other countries, the average annual rates were as follows: Tunisia (-0.3% per year) and the Philippines (+30.9% per year).

Import Prices By Country

In 2022, the average hand-made lace import price amounted to $8,067 per ton, declining by -11.6% against the previous year. In general, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52%. Global import price peaked at $13,351 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($38,664 per ton), while Tanzania ($1,477 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+8.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hand-Made Lace In The Piece, In Strips Or In Motifs

In 2022, shipments abroad of hand-made lace in the piece, in strips or in motifs was finally on the rise to reach 2.1K tons after two years of decline. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 79%. The global exports peaked at 2.8K tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, hand-made lace exports expanded notably to $16M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 72%. The global exports peaked at $34M in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports By Country

Turkey was the main exporter of hand-made lace in the piece, in strips or in motifs in the world, with the volume of exports accounting for 934 tons, which was near 45% of total exports in 2022. China (398 tons) held the second position in the ranking, distantly followed by India (237 tons) and Israel (180 tons). All these countries together held near 39% share of total exports. The following exporters - Pakistan (45 tons) and the United States (33 tons) - each finished at a 3.8% share of total exports.

Exports from Turkey increased at an average annual rate of +14.7% from 2012 to 2022. At the same time, Israel (+39.3%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.3% from 2012-2022. By contrast, India (-3.6%), Pakistan (-5.5%), the United States (-5.6%) and China (-6.3%) illustrated a downward trend over the same period. While the share of Turkey (+32 p.p.) and Israel (+8.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-1.6 p.p.), Pakistan (-2.1 p.p.), India (-6.9 p.p.) and China (-21.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($7M) emerged as the largest hand-made lace supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by China ($3.4M), with a 21% share of global exports. It was followed by Israel, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +13.4%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-5.4% per year) and Israel (+34.0% per year).

Export Prices By Country

The average hand-made lace export price stood at $7,701 per ton in 2022, with a decrease of -16.4% against the previous year. In general, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,934 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($12,848 per ton), while Pakistan ($2,076 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform