MENA: Leather Market 2024

Leather Market Size in MENA

The MENA's leather market stood at $X in 2023, growing by X% against the previous year. In general, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Leather Production in MENA

In value terms, leather production shrank sharply to $X in 2023 estimated in export price. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Leather Exports

Exports in MENA

In 2023, after two years of growth, there was significant decline in overseas shipments of leather, when their volume decreased by X% to X square meters. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, leather exports contracted remarkably to $X in 2023. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the major exporting country with an export of around X square meters, which reached X% of total exports. Saudi Arabia (X square meters) ranks second in terms of the total exports with an X% share, followed by Algeria (X%), Iran (X%), the United Arab Emirates (X%), Egypt (X%), Morocco (X%) and Iraq (X%).

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Morocco (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Iran experienced a relatively flat trend pattern. By contrast, Algeria (X%), Iraq (X%), Saudi Arabia (X%) and Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.), Morocco (X p.p.), Iran (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and Egypt saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest leather supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Morocco, with an X% share.

In Turkey, leather exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in MENA stood at $X per square meter in 2023, with a decrease of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per square meter), while Iraq ($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 Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Leather Imports

Imports in MENA

In 2023, purchases abroad of leather increased by X% to X square meters, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, leather imports contracted modestly to $X in 2023. In general, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Turkey (X square meters) was the main importer of leather, achieving X% of total imports. Tunisia (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%). The United Arab Emirates (X square meters) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the leather imports, with a CAGR of X% from 2012 to 2023. Morocco (X%), Tunisia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather importing markets in MENA were Tunisia ($X), Turkey ($X) and Morocco ($X), together comprising X% of total imports. The United Arab Emirates lagged somewhat behind, accounting for a further X%.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Tunisia ($X per square meter), while Turkey ($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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform