GCC: Composition Leather Market 2025

Composition Leather Market Size in GCC

The GCC composition leather market stood at $X in 2021, increasing by 12% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Composition Leather Production in GCC

In value terms, composition leather production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 59%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports in GCC

Composition leather exports shrank dramatically to X square meters in 2021, falling by -80.7% compared with the year before. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 255% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, composition leather exports shrank significantly to $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 544%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of composition leather in GCC, with the volume of exports accounting for X square meters, which was near 55% of total exports in 2021. It was distantly followed by Bahrain (X square meters) and Oman (X square meters), together making up a 45% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -20.0% from 2012 to 2021. At the same time, Bahrain (+38.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +38.5% from 2012-2021. By contrast, Oman (-7.5%) illustrated a downward trend over the same period. While the share of Bahrain (+22 p.p.) and Oman (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-29.8 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest composition leather supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by Oman ($X), with a 27% share of total exports.

In the United Arab Emirates, composition leather exports contracted by an average annual rate of -10.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+8.4% per year) and Bahrain (+34.7% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per square meter, rising by 32% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 96% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per square meter), while Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+17.3%), while the other leaders experienced mixed trends in the export price figures.

Composition Leather Imports

Imports in GCC

In 2021, composition leather imports in GCC surged to X square meters, picking up by 18% compared with the previous year. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 714%. As a result, imports attained the peak of X square meters. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, composition leather imports expanded markedly to $X in 2021. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 390%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X square meters) represented roughly 98% of total imports in 2021.

The United Arab Emirates was also the fastest-growing in terms of the composition leather imports, with a CAGR of +43.2% from 2012 to 2021. While the share of the United Arab Emirates (+81 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 composition leather in GCC.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +49.4%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per square meter, with a decrease of -9.7% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 202%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.3% per year.

Source: IndexBox Platform