Denmark: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in Denmark

In 2022, the Danish hand-made lace market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hand-Made Lace Production in Denmark

In value terms, hand-made lace production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. Hand-made lace production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hand-Made Lace Exports

Exports from Denmark

In 2022, the amount of hand-made lace in the piece, in strips or in motifs exported from Denmark contracted rapidly to X kg, waning by -25.3% on the previous year. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 240% against the previous year. The exports peaked at X kg in 2021, and then contracted markedly in the following year.

In value terms, hand-made lace exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by 960% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Latvia (X kg), Norway (X kg) and Iceland (X kg) were the main destinations of hand-made lace exports from Denmark, with a combined 95% share of total exports.

From 2016 to 2022, the biggest increases were recorded for Norway (with a CAGR of +26.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-made lace exported from Denmark were Latvia ($X), Iceland ($X) and Norway ($X), together accounting for 99% of total exports.

Among the main countries of destination, Norway, with a CAGR of +92.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand-made lace export price stood at $X per ton in 2022, picking up by 55% against the previous year. Overall, the export price, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2018 an increase of 567% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Faroe Islands ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+59.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Made Lace Imports

Imports into Denmark

In 2022, hand-made lace imports into Denmark fell dramatically to X kg, waning by -51.7% on 2021 figures. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 724%. As a result, imports reached the peak of X kg. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand-made lace imports dropped significantly to $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,288% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) constituted the largest hand-made lace supplier to Denmark, with a 47% share of total imports. Moreover, hand-made lace imports from China exceeded the figures recorded by the second-largest supplier, Latvia (X kg), threefold. The United States (X kg) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (0.0% per year) and the United States (-40.3% per year).

In value terms, China ($X), the United States ($X) and Iceland ($X) constituted the largest hand-made lace suppliers to Denmark, with a combined 57% share of total imports. Latvia, Australia, Turkey and Switzerland lagged somewhat behind, together comprising a further 42%.

Turkey, with a CAGR of +407.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand-made lace import price stood at $X per ton in 2022, jumping by 16% against the previous year. In general, the import price recorded resilient growth. The pace of growth was the most pronounced in 2019 an increase of 298%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+219.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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