Lace: hand-made, in the piece, in strips or motifs, (other than fabrics of headings 60.02 to 60.06)

In 2024, lace: hand-made, in the piece, in strips or motifs, (other than fabrics of headings 60.02 to 60.06) trade exhibited strong growth, with global flows reaching $10,637,485 and a three-year compound annual growth rate of -17.2% (five-year: -10.5%). The all-time peak of $48,155,290 was recorded in 2002; the current level is 78% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-7.8% acceleration).

The World Trade Flows Characterization classifies lace: hand-made, in the piece, in strips or motifs, (other than fabrics of headings 60.02 to 60.06) as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.235). The three largest exporters — China ($5.2M), Syria ($3.4M), and India ($2.2M) — collectively dominate supply flows. The leading exporter has grown at +5.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.075). The three largest import markets are Malaysia ($2.1M), Cambodia ($1.4M), and Myanmar ($724.9K). The largest importing market sources from 10 different supplying countries.

Estimated substitution elasticity: -2.89. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Spain → Bangladesh at $2.1M, representing 23.4% of the importer's total demand.

The volatility score for lace: hand-made, in the piece, in strips or motifs, (other than fabrics of headings 60.02 to 60.06) is 33 out of 100, classified as low. Trade flows are moderately variable, typical for goods with seasonal or cyclical demand patterns.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.