Saudi Arabia: Footwear Market 2024

Footwear Market Size in Saudi Arabia

The Saudi footwear market shrank remarkably to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Footwear consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Footwear Exports

Exports from Saudi Arabia

In 2022, approx. X pairs of footwear were exported from Saudi Arabia; reducing by X% compared with 2021. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X pairs in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, footwear exports reduced sharply to $X in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Oman (X pairs) was the main destination for footwear exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, footwear exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X pairs), twofold. The Netherlands (X pairs) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the Netherlands (X% per year).

In value terms, the Netherlands ($X), Italy ($X) and Oman ($X) appeared to be the largest markets for footwear exported from Saudi Arabia worldwide, together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, growing by X% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to Morocco ($X per pair) was amongst the lowest.

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

Footwear Imports

Imports into Saudi Arabia

In 2022, footwear imports into Saudi Arabia dropped remarkably to X pairs, which is down by X% on 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume 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 growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X pairs. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, footwear imports contracted to $X in 2022. In general, total imports indicated temperate 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 growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X pairs), ninefold. The third position in this ranking was held by Turkey (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Italy (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, surging by 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 2015 an increase of X%. As a result, import price attained the peak level of $X per pair. From 2016 to 2022, the average import prices remained at a 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 ($X per pair), while the price for Pakistan ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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