South-Eastern Asia: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in South-Eastern Asia

In 2022, the Southeast Asian hand-made lace market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption posted a buoyant expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Hand-Made Lace Production in South-Eastern Asia

In value terms, hand-made lace production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Hand-Made Lace Exports

Exports in South-Eastern Asia

Hand-made lace exports fell rapidly to X tons in 2022, declining by X% against the previous year's figure. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hand-made lace exports expanded remarkably to $X in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X tons), distantly followed by Vietnam (X tons), Singapore (X tons) and Indonesia (X tons) represented the main exporters of hand-made lace in the piece, in strips or in motifs, together making up X% of total exports. Cambodia (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest hand-made lace supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total exports. Vietnam and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Hand-Made Lace Imports

Imports in South-Eastern Asia

In 2022, the amount of hand-made lace in the piece, in strips or in motifs imported in South-Eastern Asia surged to X tons, rising by X% on the previous year. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, hand-made lace imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The Philippines represented the key importer of hand-made lace in the piece, in strips or in motifs in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Myanmar (X tons) held the second position in the ranking, followed by Cambodia (X tons). All these countries together took approx. X% share of total imports. Indonesia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace imports into the Philippines stood at X%. At the same time, Myanmar (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Myanmar (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Cambodia ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cambodia stood at X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Cambodia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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