Asia: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in Asia

In 2022, the Asian 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. Over the period under review, consumption, however, showed a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hand-Made Lace Production in Asia

In value terms, hand-made lace production amounted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hand-Made Lace Exports

Exports in Asia

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. Over the period under review, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked 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 skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of hand-made lace in the piece, in strips or in motifs, creating X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and Israel (X%). Pakistan (X tons) took a little 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 Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%), Pakistan (X%) and China (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan, India and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Turkey, hand-made lace exports increased 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 export price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum 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 Israel ($X per ton), while Pakistan ($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 leaders experienced a decline in the export price figures.

Hand-Made Lace Imports

Imports in Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of hand-made lace in the piece, in strips or in motifs, when their volume increased by X% to X tons. In general, imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand-made lace imports contracted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Philippines was the main importer of hand-made lace in the piece, in strips or in motifs in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Myanmar (X tons) held the second position in the ranking, followed by Cambodia (X tons), India (X tons) and the United Arab Emirates (X tons). All these countries together took near X% share of total imports. The following importers - Bangladesh (X tons) and Nepal (X tons) - together made up X% 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%), India (X%), Cambodia (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Bangladesh (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Myanmar (X p.p.), Cambodia (X p.p.), India (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Bangladesh saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Cambodia ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by India, with a 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: the Philippines (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 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 mixed trends in the import price figures.

Source: IndexBox Platform

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