GCC: Market for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather 2024

Market Size for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in GCC

The GCC market for sheep, goat, swine or reptile leather, excluding chamois leather declined to $X in 2022, which is down by -9.2% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Production of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in GCC

In value terms, production of sheep, goat, swine or reptile leather, excluding chamois leather fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Exports in GCC

In 2022, overseas shipments of sheep, goat, swine or reptile leather, excluding chamois leather increased by 13% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather rose notably to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 20% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the key exporting country with an export of about X tons, which finished at 67% of total exports. The United Arab Emirates (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (4.6%).

From 2012 to 2022, average annual rates of growth with regard to sheep, goat, swine or reptile leather exports from Saudi Arabia stood at -8.1%. At the same time, the United Arab Emirates (+7.1%) and Kuwait (+3.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of +7.1% from 2012-2022. While the share of the United Arab Emirates (+19 p.p.) and Kuwait (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-20.4 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest sheep, goat, swine or reptile leather supplier in GCC, comprising 73% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports.

In Saudi Arabia, exports of sheep, goat, swine or reptile leather, excluding chamois leather shrank by an average annual rate of -12.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-4.1% per year) and Kuwait (-2.1% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with a decrease of -7% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2016 when the export price increased by 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Imports in GCC

Imports of sheep, goat, swine or reptile leather, excluding chamois leather fell rapidly to X tons in 2022, shrinking by -36.3% against the year before. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 112% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather dropped dramatically to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 80%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in leather structure, recording X tons, which was near 88% of total imports in 2022. It was distantly followed by Oman (X tons), comprising an 8.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sheep, goat, swine or reptile leather imports into the United Arab Emirates stood at -14.8%. At the same time, Oman (+1.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +1.3% from 2012-2022. The United Arab Emirates (+16 p.p.) and Oman (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheep, goat, swine or reptile leather, excluding chamois leather in GCC, comprising 71% of total imports. The second position in the ranking was taken by Oman ($X), with an 11% share of total imports.

In the United Arab Emirates, imports of sheep, goat, swine or reptile leather, excluding chamois leather shrank by an average annual rate of -15.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 72%. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.2%).

Source: IndexBox Platform

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