Report Update Feb 1, 2025

Republic of Korea - Hand-Made Lace in the Piece, in Strips or in Motifs - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Hand-Made Lace Market 2025

Hand-Made Lace Market Size in Republic of Korea

The South Korean hand-made lace market skyrocketed to $X in 2022, growing by 32% against the previous year. Overall, consumption enjoyed pronounced growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Hand-Made Lace Production in Republic of Korea

In value terms, hand-made lace production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Hand-made lace production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hand-Made Lace Exports

Exports from Republic of Korea

In 2022, the amount of hand-made lace in the piece, in strips or in motifs exported from South Korea reduced sharply to X kg, with a decrease of -99.6% against the previous year. Over the period under review, exports faced a sharp decline. The pace of growth was the most pronounced in 2015 when exports increased by 124%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hand-made lace exports shrank notably to $X in 2022. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 139% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for hand-made lace exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +13.6%.

In value terms, the United States ($X) emerged as the key foreign market for hand-made lace in the piece, in strips or in motifs exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.9%.

Export Prices by Country

The average hand-made lace export price stood at $X per ton in 2022, falling by -72.3% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 109%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +19.0% per year.

Hand-Made Lace Imports

Imports into Republic of Korea

In 2022, purchases abroad of hand-made lace in the piece, in strips or in motifs was finally on the rise to reach X kg for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2014 when imports increased by 4,430% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hand-made lace imports declined significantly to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 2,511%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) was the main hand-made lace supplier to South Korea, accounting for a 96% share of total imports. It was followed by Japan (X kg), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +27.8%.

In value terms, China ($X) constituted the largest supplier of hand-made lace in the piece, in strips or in motifs to South Korea, comprising 88% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +24.1%.

Import Prices by Country

In 2022, the average hand-made lace import price amounted to $X per ton, which is down by -31% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 405% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand-made lace in the piece, in strips or in motifs in the world?

China constituted the country with the largest volume of hand-made lace consumption, comprising approx. 39% of total volume. Moreover, hand-made lace consumption in China exceeded the figures recorded by the second-largest consumer, the United Arab Emirates, twofold. The third position in this ranking was occupied by the Philippines, with an 8.2% share.

What are the largest producers of hand-made lace in the piece, in strips or in motifs in the world?

China remains the largest hand-made lace producing country worldwide, accounting for 66% of total volume. Moreover, hand-made lace production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Turkey ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of hand-made lace in the piece, in strips or in motifs to Republic of Korea?

In value terms, the United States constituted the largest supplier of hand-made lace to South Korea.

What are the leading importers of hand-made lace in the piece, in strips or in motifs from Republic of Korea?

In value terms, the Philippines remains the key foreign market for hand-made lace exports from South Korea.

What is the average export price for hand-made lace in the piece, in strips or in motifs in Republic of Korea?

In 2021, the average hand-made lace export price amounted to $41,455 per ton, rising by 55% against the previous year.

What is the average import price for hand-made lace in the piece, in strips or in motifs in Republic of Korea?

In 2021, the average hand-made lace import price amounted to $10,112 per ton, waning by -5.2% against the previous year.

This report provides an in-depth analysis of the hand-made lace market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13991170 - Hand-made lace in the piece, in strips or in motifs

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024