SADC: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in SADC

In 2022, the SADC hand-made lace market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a mild slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hand-Made Lace Production in SADC

In value terms, hand-made lace production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, posted a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Hand-Made Lace Exports

Exports in SADC

After two years of growth, shipments abroad of hand-made lace in the piece, in strips or in motifs decreased by X% to X tons in 2022. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, hand-made lace exports contracted markedly to $X in 2022. Over the period under review, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Swaziland (X kg) ranks second in terms of the total exports with an X% share, followed by Mauritius (X%). The following exporters - Tanzania (X kg) and Namibia (X kg) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace exports from South Africa stood at X%. At the same time, Mauritius (X%), Swaziland (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) illustrated a downward trend over the same period. While the share of Swaziland (X p.p.), Mauritius (X p.p.), South Africa (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tanzania (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) emerged as the largest hand-made lace supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

In South Africa, 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: Swaziland (X% per year) and Mauritius (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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 Swaziland ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Hand-Made Lace Imports

Imports in SADC

In 2022, supplies from abroad of hand-made lace in the piece, in strips or in motifs increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand-made lace imports surged to $X in 2022. Overall, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tanzania was the key importer of hand-made lace in the piece, in strips or in motifs in SADC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X tons), South Africa (X tons), Comoros (X tons) and Zambia (X tons), together achieving a X% share of total imports. Angola (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 Tanzania stood at X%. At the same time, Zambia (X%), Angola (X%), Comoros (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. Democratic Republic of the Congo (X p.p.), Tanzania (X p.p.), Zambia (X p.p.) and Comoros (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Tanzania ($X) and Comoros ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Democratic Republic of the Congo, Zambia and Angola lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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