GCC: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in GCC

After three years of growth, the GCC market for footwear with uppers of textile materials decreased by -1.3% to $X in 2022. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.9% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Footwear with Uppers of Textile Materials in GCC

In value terms, production of footwear with uppers of textile materials totaled $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 50% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in GCC

After two years of growth, overseas shipments of footwear with uppers of textile materials decreased by -24.1% to X pairs in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 123%. As a result, the exports attained the peak of X pairs. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of footwear with uppers of textile materials reduced notably to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 153%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X pairs) represented the key exporter of footwear with uppers of textile materials, making up 78% of total exports. Kuwait (X pairs) took the second position in the ranking, distantly followed by Bahrain (X pairs). All these countries together took near 19% share of total exports. Saudi Arabia (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to footwear with uppers of textile materials exports from the United Arab Emirates stood at +7.2%. At the same time, Kuwait (+39.9%) and Bahrain (+6.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +39.9% from 2012-2022. By contrast, Saudi Arabia (-6.5%) illustrated a downward trend over the same period. While the share of Kuwait (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-4.7 p.p.) and Saudi Arabia (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest footwear with uppers of textile materials supplier in GCC, comprising 85% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 9.2% share of total exports. It was followed by Bahrain, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +14.4%. In the other countries, the average annual rates were as follows: Kuwait (+34.2% per year) and Bahrain (+10.4% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per pair, growing by 12% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear with uppers of textile materials decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 97% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while Saudi Arabia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Footwear with Uppers of Textile Materials

Imports in GCC

In 2022, the amount of footwear with uppers of textile materials imported in GCC shrank to X pairs, reducing by -14.8% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 53%. The volume of import peaked at X pairs in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of footwear with uppers of textile materials shrank notably to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The United Arab Emirates represented the major importer of footwear with uppers of textile materials in GCC, with the volume of imports recording X pairs, which was approx. 68% of total imports in 2022. Qatar (X pairs) ranks second in terms of the total imports with a 13% share, followed by Kuwait (12%) and Bahrain (4.8%). Oman (X pairs) held a minor share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, Bahrain (+13.0%), Oman (+10.3%), Qatar (+4.4%) and Kuwait (+2.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +13.0% from 2012-2022. While the share of Qatar (+4.3 p.p.), Bahrain (+3.4 p.p.), Kuwait (+2.6 p.p.) and Oman (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-12.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported footwear with uppers of textile materials in GCC, comprising 59% of total imports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total imports. It was followed by Qatar, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+18.3% per year) and Qatar (+14.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per pair, with a decrease of -15.3% against the previous year. In general, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 44%. The level of import peaked at $X per pair in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per pair), while Bahrain ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform