Report Update Apr 1, 2024

Saudi Arabia - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Composition Leather Market 2024

Composition Leather Market Size in Saudi Arabia

In 2021, the Saudi composition leather market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Composition Leather Production in Saudi Arabia

In value terms, composition leather production expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a slight slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 89%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Composition Leather Exports

Exports from Saudi Arabia

In 2021, shipments abroad of composition leather decreased by -13.8% to X square meters, falling for the eighth consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2013 with an increase of 400%. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, composition leather exports fell modestly to $X in 2021. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2013 when exports increased by 175% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for composition leather exports from Saudi Arabia, accounting for a 84% share of total exports. Moreover, composition leather exports to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X square meters), sevenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -36.0%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for composition leather exports from Saudi Arabia, comprising 31% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 2.7% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the United Arab Emirates totaled -45.9%.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2020, rising by 12% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Indonesia amounted to $X per square meter.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-15.5%).

Composition Leather Imports

Imports into Saudi Arabia

In 2021, approx. less than X square meters of composition leather were imported into Saudi Arabia; standing approx. at 2020. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, composition leather imports amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

China (X square meters), India (X square meters) and Germany (X square meters) were the main suppliers of composition leather imports to Saudi Arabia, with a combined 60% share of total imports. Moreover, composition leather imports in China exceeded the figures recorded by the second-largest supplier, India, twofold.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +70.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest composition leather suppliers to Saudi Arabia were China ($X), Germany ($X) and India ($X), together comprising 60% of total imports. Moreover, composition leather imports in China exceeded the figures recorded by the second-largest supplier, Germany, twofold.

China, with a CAGR of +56.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average composition leather import price stood at less than $X per thousand square meters in 2020, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per thousand square meters), while the price for Yemen ($X per thousand square meters) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

The countries with the highest volumes of consumption in 2021 were China, Cambodia and the United States, with a combined 38% share of global consumption.

What are the largest producers of composition leather in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Turkey, with a combined 42% share of global production. These countries were followed by Germany, Italy, India, South Korea, Vietnam, Pakistan, Indonesia, Kazakhstan, the UK and France, which together accounted for a further 31%.

What are the leading suppliers of composition leather to Saudi Arabia?

In value terms, the largest composition leather suppliers to Saudi Arabia were China, Germany and India, together accounting for 60% of total imports. Moreover, composition leather imports in China exceeded the figures recorded by the second-largest supplier, Germany, twofold.

What are the leading importers of composition leather from Saudi Arabia?

In value terms, the United Arab Emirates $116) remains the key foreign market for composition leather exports from Saudi Arabia, comprising 31% of total exports. The second position in the ranking was taken by Indonesia $10), with a 2.7% share of total exports.

What is the average export price for composition leather in Saudi Arabia?

The average composition leather export price stood at $1.4 per square meter in 2020, surging by 12% against the previous year.

What is the average import price for composition leather in Saudi Arabia?

In 2020, the average composition leather import price amounted to less than $0.1 per thousand square meters, remaining stable against the previous year.

This report provides an in-depth analysis of the composition leather market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023