Eastern Asia: Hand-Made Lace Market Overview 2021

Hand-Made Lace Market Size in Eastern Asia

In 2019, the East Asian hand-made lace market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Hand-Made Lace Production in Eastern Asia

In value terms, hand-made lace production dropped to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2010; however, from 2011 to 2019, production failed to regain the momentum.

Production By Country in Eastern Asia

China (X tonnes) remains the largest hand-made lace producing country in Eastern Asia, accounting for X% of total volume. Moreover, hand-made lace production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (X tonnes), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+X% per year) and Democratic People's Republic of Korea (+X% per year).

Hand-Made Lace Exports

Exports in Eastern Asia

In 2019, the amount of hand-made lace in the piece, in strips or in motifs exported in Eastern Asia dropped slightly to X tonnes, reducing by -X% compared with the previous year. In general, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, hand-made lace exports plummeted to $X in 2019. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, China (X tonnes) was the largest exporter of hand-made lace in the piece, in strips or in motifs in Eastern Asia, achieving X% of total export.

China was also the fastest-growing in terms of the hand-made lace in the piece, in strips or in motifs exports, with a CAGR of -X% from 2007 to 2019. China (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest hand-made lace supplier in Eastern Asia.

In China, hand-made lace exports plunged by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

In 2019, the hand-made lace export price in Eastern Asia amounted to $X per tonne, falling by -X% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. Over the period under review, export prices attained the peak figure at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Hand-Made Lace Imports

Imports in Eastern Asia

In 2019, overseas purchases of hand-made lace in the piece, in strips or in motifs decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, hand-made lace imports dropped notably to $X in 2019. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The level of import peaked at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Hong Kong SAR was the major importer of hand-made lace in the piece, in strips or in motifs in Eastern Asia, with the volume of imports finishing at X tonnes, which was near X% of total imports in 2019. It was distantly followed by South Korea (X kg), Taiwan (Chinese) (X kg) and Japan (X kg), together making up a X% share of total imports.

From 2007 to 2019, average annual rates of growth with regard to hand-made lace imports into Hong Kong SAR stood at -X%. South Korea (-X%), Taiwan (Chinese) (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+X p.p.), South Korea (+X p.p.) and Taiwan (Chinese) (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Japan (-X p.p.) displayed negative dynamics.

In value terms, the largest hand-made lace importing markets in Eastern Asia were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total imports.

Among the main importing countries, Hong Kong SAR saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2019, the hand-made lace import price in Eastern Asia amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Taiwan (Chinese) ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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The country with the largest volume of hand-made lace consumption was China (670 tonnes), accounting for 77% of total volume. Moreover, hand-made lace consumption in China exceeded the figures recorded by the second-largest consumer, Taiwan (Chinese) (187 tonnes), fourfold.

What are the largest producers of hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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China (1.3K tonnes) remains the largest hand-made lace producing country in Eastern Asia, comprising approx. 86% of total volume. Moreover, hand-made lace production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (186 tonnes), sevenfold.

What are the leading exporters of hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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In value terms, China ($3M) remains the largest hand-made lace supplier in Eastern Asia.

What are the leading importers of hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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In value terms, the largest hand-made lace importing markets in Eastern Asia were Hong Kong SAR ($40K), Taiwan (Chinese) ($33K) and Japan ($15K), together accounting for 94% of total imports.

What is the average export price for hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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In 2019, the hand-made lace export price in Eastern Asia amounted to $5,218 per tonne, shrinking by -22.4% against the previous year.

What is the average import price for hand-made lace in the piece, in strips or in motifs in Eastern Asia?

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In 2019, the hand-made lace import price in Eastern Asia amounted to $30,943 per tonne, increasing by 38% against the previous year.