Saudi Arabia: Patent Leather Market 2024

Patent Leather Market Size in Saudi Arabia

The Saudi patent leather market contracted to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Patent Leather Production in Saudi Arabia

In value terms, patent leather production declined to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Patent Leather Exports

Exports from Saudi Arabia

After ten years of growth, overseas shipments of patent leather, patent laminated leather and metallised leather decreased by X% to X square meters in 2022. Overall, total exports indicated a resilient 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters, and then reduced in the following year.

In value terms, patent leather exports amounted to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) was the main destination for patent leather exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%.

In value terms, Italy ($X) also remains the key foreign market for patent leather, patent laminated leather and metallised leather exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%.

Export Prices by Country

In 2022, the average patent leather export price amounted to $X per square meter, rising by X% against the previous year. In general, the export price, however, recorded a abrupt setback. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to X% per year.

Patent Leather Imports

Imports into Saudi Arabia

After four years of growth, supplies from abroad of patent leather, patent laminated leather and metallised leather decreased by X% to X square meters in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, patent leather imports dropped to $X in 2022. In general, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of patent leather to Saudi Arabia, with a X% share of total imports. Moreover, patent leather imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), threefold. The third position in this ranking was taken by Turkey (X square meters), with a X% share.

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

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

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

Import Prices by Country

The average patent leather import price stood at $X per square meter in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a pronounced descent. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per square meter), while the price for Lebanon ($X per square meter) 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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