Latin America and the Caribbean: Hand-Made Lace Market Overview 2021

Hand-Made Lace Market Size in Latin America and the Caribbean

In 2019, the Latin American hand-made lace market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Hand-Made Lace Production in Latin America and the Caribbean

In value terms, hand-made lace production surged to $X in 2019 estimated in export prices. Overall, production posted a prominent expansion. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

Guatemala (X tonnes) remains the largest hand-made lace producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, hand-made lace production in Guatemala exceeded the figures recorded by the second-largest producer, Chile (X tonnes), threefold. The third position in this ranking was occupied by Panama (X tonnes), with a X% share.

In Guatemala, hand-made lace production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Chile (+X% per year) and Panama (+X% per year).

Hand-Made Lace Exports

Exports in Latin America and the Caribbean

In 2019, overseas shipments of hand-made lace in the piece, in strips or in motifs decreased by -X% to X kg, falling for the fourth year in a row after three years of growth. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, hand-made lace exports shrank significantly to $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporting country with an export of about X kg, which finished at X% of total exports. It was distantly followed by El Salvador (X kg), Peru (X kg) and Colombia (X kg), together mixing up a X% share of total exports.

Brazil 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. Colombia and El Salvador experienced a relatively flat trend pattern. Peru (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.), Peru (+X p.p.), El Salvador (+X p.p.) and Colombia (+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, Brazil ($X) emerged as the largest hand-made lace supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Brazil totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (-X% per year) and Colombia (-X% per year).

Export Prices by Country

In 2019, the hand-made lace export price in Latin America and the Caribbean amounted to $X per tonne, surging by X% against the previous year. In general, the export price showed a significant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per tonne), while El Salvador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced a decline in the export price figures.

Hand-Made Lace Imports

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in supplies from abroad of hand-made lace in the piece, in strips or in motifs, which decreased by -X% to X tonnes in 2019. Overall, imports saw a dramatic shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, hand-made lace imports shrank notably to $X in 2019. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Paraguay (X tonnes) and Ecuador (X tonnes) were the major importers of hand-made lace in the piece, in strips or in motifs in Latin America and the Caribbean, together making up X% of total imports. Jamaica (X kg) took the next position in the ranking, followed by Trinidad and Tobago (X kg), Brazil (X kg) and Peru (X kg). All these countries together took approx. X% share of total imports. Mexico (X kg) took a little share of total imports.

From 2007 to 2019, the biggest increases were in Paraguay, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-made lace importing markets in Latin America and the Caribbean were Ecuador ($X), Brazil ($X) and Paraguay ($X), with a combined X% share of total imports.

Paraguay saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2019, the hand-made lace import price in Latin America and the Caribbean amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced a decline in the import price figures.

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 LatAmerica and the Caribbean?

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The country with the largest volume of hand-made lace consumption was Guatemala (5.3 tonnes), accounting for 31% of total volume. Moreover, hand-made lace consumption in Guatemala exceeded the figures recorded by the second-largest consumer, Paraguay (2.3 tonnes), twofold. The third position in this ranking was occupied by Chile (2.1 tonnes), with a 13% share.

What are the largest producers of hand-made lace in the piece, in strips or in motifs in LatAmerica and the Caribbean?

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The country with the largest volume of hand-made lace production was Guatemala (5.2 tonnes), comprising approx. 57% of total volume. Moreover, hand-made lace production in Guatemala exceeded the figures recorded by the second-largest producer, Chile (1.9 tonnes), threefold. Panama (1.3 tonnes) ranked third in terms of total production with a 14% share.

What are the leading exporters of hand-made lace in the piece, in strips or in motifs in LatAmerica and the Caribbean?

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In value terms, Brazil ($604) emerged as the largest hand-made lace supplier in Latin America and the Caribbean, comprising 6.6% of total exports. The second position in the ranking was occupied by Peru ($141), with a 1.5% share of total exports. It was followed by Colombia, with a 0.9% share.

What are the leading importers of hand-made lace in the piece, in strips or in motifs in LatAmerica and the Caribbean?

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In value terms, the largest hand-made lace importing markets in Latin America and the Caribbean were Ecuador ($10K), Brazil ($8K) and Paraguay ($5.1K), with a combined 48% share of total imports.

What is the average export price for hand-made lace in the piece, in strips or in motifs in LatAmerica and the Caribbean?

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In 2019, the hand-made lace export price in Latin America and the Caribbean amounted to $142,361 per tonne, rising by 1,737% against the previous year.

What is the average import price for hand-made lace in the piece, in strips or in motifs in LatAmerica and the Caribbean?

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The hand-made lace import price in Latin America and the Caribbean stood at $6,281 per tonne in 2019, shrinking by -13% against the previous year.