Eastern Asia: Hand-Made Lace Market 2025

Hand-Made Lace Market Size in Eastern Asia

In 2022, the East Asian hand-made lace market decreased by -3.5% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.8% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hand-Made Lace Production in Eastern Asia

In value terms, hand-made lace production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Hand-Made Lace Exports

Exports in Eastern Asia

In 2022, overseas shipments of hand-made lace in the piece, in strips or in motifs increased by 96% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt slump. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, hand-made lace exports soared to $X in 2022. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 95% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -6.3% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+3.7 p.p.) and Taiwan (Chinese) (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand-made lace supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.9% share of total exports.

In China, hand-made lace exports plunged by an average annual rate of -5.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by -34.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 55% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%).

Hand-Made Lace Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in purchases abroad of hand-made lace in the piece, in strips or in motifs, which decreased by -66% to X tons in 2022. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of 181%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-made lace imports expanded slightly to $X in 2022. In general, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 257%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) represented the largest importer of hand-made lace in the piece, in strips or in motifs, committing 45% of total imports. Macao SAR (X kg) held the second position in the ranking, followed by China (X kg) and Taiwan (Chinese) (X kg). All these countries together took approx. 45% share of total imports. South Korea (X kg), Japan (X kg) and Democratic People's Republic of Korea (X kg) took a relatively small share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -29.9% from 2012 to 2022. South Korea (-2.7%), Macao SAR (-7.2%), Democratic People's Republic of Korea (-9.7%), Taiwan (Chinese) (-20.4%), China (-25.3%) and Japan (-37.7%) illustrated a downward trend over the same period. Macao SAR (+19 p.p.), China (+4.3 p.p.), South Korea (+3.9 p.p.), Taiwan (Chinese) (+3.4 p.p.) and Democratic People's Republic of Korea (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -11.4% and -21% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Macao SAR, with a 9.5% share.

In Japan, hand-made lace imports plunged by an average annual rate of -16.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-26.8% per year) and Macao SAR (-0.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 204% against the previous year. In general, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+33.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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