GCC: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in GCC

In 2022, the GCC hand-made lace market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption saw a notable increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Hand-Made Lace Production in GCC

In value terms, hand-made lace production fell to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. 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 GCC

In 2022, the amount of hand-made lace in the piece, in strips or in motifs exported in GCC fell notably to X tons, with a decrease of X% against the year before. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand-made lace exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Bahrain (X kg) followed a long way behind the leaders.

The United Arab Emirates 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 2012 to 2022. Bahrain (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest hand-made lace supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

In the United Arab Emirates, hand-made lace exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates totaled $X per ton.

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

Hand-Made Lace Imports

Imports in GCC

In 2022, overseas purchases 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. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached 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 dropped rapidly to $X in 2022. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 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 United Arab Emirates represented the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Oman (X tons), committing an X% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

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

In the United Arab Emirates, hand-made lace imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

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

Source: IndexBox Platform

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