Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $9,939 per ton in 2022, shrinking by -12.9% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses decreased by -21.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 39%. Over the period under review, average import prices attained the peak figure at $12,718 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($22,837 per ton), while the price for Thailand ($4,530 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $2,687 per ton in 2022, shrinking by -9.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum at $3,018 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($9,507 per ton), while the average price for exports to Oman ($2,519 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into the United Arab Emirates skyrocketed to 378 tons, increasing by 80% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $3.8M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.8% against 2020 indices.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to the United Arab Emirates in 2022:

1. China (247.9 tons)
2. Thailand (86.5 tons)
3. Czech Republic (12.3 tons)
4. Italy (10.2 tons)
5. India (8.0 tons)
6. Sri Lanka (6.1 tons)
7. Turkey (4.0 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United Arab Emirates

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses exported from the United Arab Emirates skyrocketed to 753 tons, surging by 47% against 2021 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 184%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $2M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 192%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from the United Arab Emirates in 2022:

1. Oman (732.9 tons)
2. Bahrain (16.1 tons)

Source: IndexBox Market Intelligence Platform