Global Hand-Made Lace Market 2024

Hand-Made Lace Market Size

In 2022, after two years of decline, there was significant growth in the global hand-made lace market, when its value increased by X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hand-Made Lace Production

In value terms, hand-made lace production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Hand-Made Lace Exports

Exports

In 2022, overseas shipments of hand-made lace in the piece, in strips or in motifs were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the global exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-made lace exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the largest exporter of hand-made lace in the piece, in strips or in motifs in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. China (X tons) took the second position in the ranking, distantly followed by India (X tons) and Israel (X tons). All these countries together held near X% share of total exports. The following exporters - Pakistan (X tons) and the United States (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace exports from Turkey stood at X%. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, India (X%), Pakistan (X%), the United States (X%) and China (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.), Pakistan (X p.p.), India (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) emerged as the largest hand-made lace supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by China ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In Turkey, hand-made lace exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Israel (X% per year).

Export Prices by Country

The average hand-made lace export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price saw a slight decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The global export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Hand-Made Lace Imports

Imports

After two years of decline, supplies from abroad of hand-made lace in the piece, in strips or in motifs increased by X% to X tons in 2022. In general, imports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of global imports failed to regain momentum.

In value terms, hand-made lace imports rose slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) represented the key importer of hand-made lace in the piece, in strips or in motifs, committing X% of total imports. Myanmar (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%), India (X%) and Cote d'Ivoire (X%). The United Arab Emirates (X tons), Tanzania (X tons), Bangladesh (X tons), Tunisia (X tons), Russia (X tons), Egypt (X tons) and Nepal (X tons) followed a long way behind the leaders.

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%), Egypt (X%), India (X%), Cote d'Ivoire (X%), Russia (X%), Cambodia (X%), Nepal (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Myanmar, Cambodia, India, Cote d'Ivoire, Egypt, Russia and Tanzania increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The average hand-made lace import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Tanzania ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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