Southern Asia: Hand-Made Lace Market Overview 2021

Hand-Made Lace Market Size in Southern Asia

The South Asian hand-made lace market surged to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market remained at a lower figure.

Hand-Made Lace Production in Southern Asia

In value terms, hand-made lace production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production showed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in Southern Asia

The country with the largest volume of hand-made lace production was India (X tonnes), accounting for X% of total volume. Moreover, hand-made lace production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), sixfold.

In India, hand-made lace production expanded at an average annual rate of +X% over the period from 2007-2019.

Hand-Made Lace Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of hand-made lace in the piece, in strips or in motifs, which increased by X% to X tonnes in 2019. Overall, exports recorded a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand-made lace exports skyrocketed to $X in 2019. In general, exports saw a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2019, India (X tonnes) was the largest exporter of hand-made lace in the piece, in strips or in motifs, constituting X% of total exports. It was distantly followed by Pakistan (X tonnes), creating a X% share of total exports.

India 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. At the same time, Pakistan (+X%) displayed positive paces of growth. From 2007 to 2019, the share of India increased by +X% percentage points, while Pakistan (-X p.p.) saw their share reduced.

In value terms, India ($X) remains the largest hand-made lace supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in India stood at +X%.

Export Prices by Country

The hand-made lace export price in Southern Asia stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2015 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was India ($X per tonne), while Pakistan stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Hand-Made Lace Imports

Imports in Southern Asia

In 2019, approx. X tonnes of hand-made lace in the piece, in strips or in motifs were imported in Southern Asia; surging by X% compared with the previous year. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2016 to 2019, the growth imports remained at a lower figure.

In value terms, hand-made lace imports skyrocketed to $X in 2019. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

Imports by Country

Afghanistan (X tonnes) and Nepal (X tonnes) represented roughly X% of total imports of hand-made lace in the piece, in strips or in motifs in 2019. It was distantly followed by Bangladesh (X tonnes) and India (X tonnes), together generating a X% share of total imports. The following importers - Pakistan (X tonnes) and Sri Lanka (X tonnes) - each recorded a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Afghanistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Afghanistan ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2019, together comprising X% of total imports.

Among the main importing countries, Afghanistan recorded the highest growth rate of the value of imports, 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 Southern Asia amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2016 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sri Lanka ($X per tonne), while Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, 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 Southern Asia?

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The countries with the highest volumes of hand-made lace consumption in 2019 were Afghanistan (80 tonnes), Nepal (75 tonnes) and Bangladesh (24 tonnes).

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

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India (2K tonnes) constituted the country with the largest volume of hand-made lace production, accounting for 86% of total volume. Moreover, hand-made lace production in India exceeded the figures recorded by the second-largest producer, Pakistan (334 tonnes), sixfold.

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

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In value terms, India ($16M) remains the largest hand-made lace supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was occupied by Pakistan ($933K), with a 5.4% share of total exports.

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

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In value terms, the largest hand-made lace importing markets in Southern Asia were Nepal ($452K), Afghanistan ($424K) and Bangladesh ($134K), with a combined 84% share of total imports.

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

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The hand-made lace export price in Southern Asia stood at $7,221 per tonne in 2019, picking up by 26% against the previous year.

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

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The hand-made lace import price in Southern Asia stood at $5,872 per tonne in 2019, increasing by 7.8% against the previous year.