Global Export of Hand-Made Lace by Country

In 2023, China continues to lead in the global export of hand-made lace by volume, with a slight year-on-year reduction of -0.9%. The United Kingdom experienced a significant increase of 15.85%, highlighting its growing market importance. India, the third-largest exporter, showed modest growth of 1.15%. Noteworthy growth occurs in Malaysia and the Netherlands with increases of 59.28% and 72.67%, respectively, signaling emerging players. Contrasts are evident in Pakistan and Thailand, each with declining exports of -7.08% and -37.96% respectively. Over the last five years, the compound annual growth rate (CAGR) further identifies regions with sustainable growth trajectories.

Future trends to watch include:

• Emerging competitors like Malaysia and the Netherlands might challenge traditional leaders with continued export increases.
• Potential market recovery or further decline in regions like Pakistan and Thailand needs monitoring.
• Innovation and sustainability in production may shift export landscapes, impacting long-term growth.
• Geopolitical changes and trade agreements could alter competitive dynamics in global markets.