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 shrank to $X in 2023, with a decrease of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

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 contracted significantly to $X in 2023 estimated in export price. Overall, production, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

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

Exports in GCC

In 2023, after two years of growth, there was significant decline in shipments abroad of sheep, goat, swine or reptile leather, excluding chamois leather, when their volume decreased by X% to X square meters. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather shrank to $X in 2023. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Saudi Arabia (X square meters) represented the main exporter of sheep, goat, swine or reptile leather, excluding chamois leather, creating X% of total exports. The United Arab Emirates (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%).

From 2012 to 2023, average annual rates of growth with regard to sheep, goat, swine or reptile leather exports from Saudi Arabia stood at X%. At the same time, Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kuwait ($X per square meter), while the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), 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

In 2023, approx. X square meters of sheep, goat, swine or reptile leather, excluding chamois leather were imported in GCC; picking up by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X square meters in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather contracted to $X in 2023. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in leather structure, resulting at X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Oman (X square meters), generating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to sheep, goat, swine or reptile leather imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) and Oman (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 ($X) constitutes the largest market for imported sheep, goat, swine or reptile leather, excluding chamois leather in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, imports of sheep, goat, swine or reptile leather, excluding chamois leather decreased by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the peak figure at $X per square meter in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Oman ($X per square meter), while the United Arab Emirates totaled $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Source: IndexBox Platform