GCC: Market for Chamois, Patent and Combination Leather 2024

Market Size for Chamois, Patent and Combination Leather in GCC

The GCC market for chamois, patent and combination leather contracted to $X in 2022, waning by -5.5% against the previous year. Overall, consumption showed a perceptible descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Chamois, Patent and Combination Leather in GCC

In value terms, chamois, patent and combination leather production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 28%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chamois, Patent and Combination Leather

Exports in GCC

After two years of growth, overseas shipments of chamois, patent and combination leather decreased by -28.2% to X square meters in 2022. Overall, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 93%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chamois, patent and combination leather exports dropped to $X in 2022. Over the period under review, exports faced a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 147%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X square meters), distantly followed by Saudi Arabia (X square meters) represented the largest exporters of chamois, patent and combination leather, together mixing up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of -17.8%).

In value terms, the United Arab Emirates ($X) remains the largest chamois, patent and combination leather supplier in GCC, comprising 86% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -19.6%.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2022, picking up by 21% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.1%).

Imports of Chamois, Patent and Combination Leather

Imports in GCC

In 2022, approx. X square meters of chamois, patent and combination leather were imported in GCC; which is down by -37.8% compared with 2021. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 141% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chamois, patent and combination leather imports declined rapidly to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 117%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X square meters) was the key importer of chamois, patent and combination leather, making up 67% of total imports. Saudi Arabia (X square meters) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (7.7%). Kuwait (X square meters) and Oman (X square meters) held a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the chamois, patent and combination leather imports, with a CAGR of +11.0% from 2012 to 2022. Oman (-8.8%), Saudi Arabia (-9.1%), Bahrain (-16.5%) and Kuwait (-22.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +54 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported chamois, patent and combination leather in GCC, comprising 55% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Bahrain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-11.4% per year) and Bahrain (-13.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per square meter, surging by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per square meter), while the United Arab Emirates ($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 Bahrain (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform