Africa: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in Africa

In 2022, the African hand-made lace market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hand-Made Lace Production in Africa

In value terms, hand-made lace production rose notably to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Hand-Made Lace Exports

Exports in Africa

After three years of growth, overseas shipments of hand-made lace in the piece, in strips or in motifs decreased by X% to X tons in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-made lace exports shrank significantly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The biggest shipments were from Ghana (X tons), Egypt (X tons) and Morocco (X tons), together reaching X% of total export. It was distantly followed by Rwanda (X tons), making up a X% share of total exports. South Africa (X tons), Ethiopia (X tons) and Nigeria (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Egypt ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Hand-Made Lace Imports

Imports in Africa

Hand-made lace imports surged to X tons in 2022, growing by X% compared with 2021 figures. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hand-made lace imports surged to $X in 2022. In general, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), Tanzania (X tons), Tunisia (X tons) and Egypt (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Rwanda (X tons), Democratic Republic of the Congo (X tons) and Algeria (X tons), together making up a X% share of total imports. The following importers - Burundi (X tons), Kenya (X tons), Nigeria (X tons), Ethiopia (X tons), South Africa (X tons) and Comoros (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ethiopia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-made lace importing markets in Africa were Tunisia ($X), Egypt ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. South Africa, Tanzania, Algeria, Nigeria, Ethiopia, Kenya, Burundi, Rwanda, Comoros and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Ethiopia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :