Middle East: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in the Middle East

In 2022, the Middle Eastern hand-made lace market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hand-Made Lace Production in the Middle East

In value terms, hand-made lace production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Hand-Made Lace Exports

Exports in the Middle East

Hand-made lace exports skyrocketed to X tons in 2022, jumping by X% against 2021 figures. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, hand-made lace exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the main exporter of hand-made lace in the piece, in strips or in motifs in the Middle East, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Israel (X tons), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest hand-made lace supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with an X% share of total exports.

In Turkey, hand-made lace exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Hand-Made Lace Imports

Imports in the Middle East

In 2022, purchases abroad of hand-made lace in the piece, in strips or in motifs decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-made lace imports contracted remarkably to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X tons, which finished at X% of total imports. Iran (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Yemen (X%) and Iraq (X%). Jordan (X tons) and Lebanon (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace imports into the United Arab Emirates stood at X%. At the same time, Oman (X%), Yemen (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%), Jordan (X%) and Iraq (X%) illustrated a downward trend over the same period. Oman (X p.p.), Iran (X p.p.) and Yemen (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Jordan and Iraq saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, hand-made lace imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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