GCC: Leather Footwear Market 2024

Leather Footwear Market Size in GCC

The GCC leather footwear market shrank modestly to $X in 2022, leveling off at the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Leather Footwear Production in GCC

In value terms, leather footwear production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X,700%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Leather Footwear Exports

Exports in GCC

In 2022, the amount of leather footwear exported in GCC soared to X pairs, increasing by X% compared with the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X pairs, which was near X% of total exports in 2022. Kuwait (X pairs) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest leather footwear supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, leather footwear exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per pair in 2022, with an increase of X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather footwear export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while Kuwait stood at $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Leather Footwear Imports

Imports in GCC

In 2022, supplies from abroad of leather footwear increased by X% to X pairs, rising for the second year in a row after four years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X pairs in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, leather footwear imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, the United Arab Emirates (X pairs) represented the main importer of leather footwear, making up X% of total imports. It was distantly followed by Saudi Arabia (X pairs), Kuwait (X pairs) and Qatar (X pairs), together committing a X% share of total imports. The following importers - Bahrain (X pairs) and Oman (X pairs) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to leather footwear imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Saudi Arabia (X%), Kuwait (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported leather footwear in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per pair, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per pair), while Qatar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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