MENA: Leather Footwear Market 2024

Leather Footwear Market Size in MENA

The MENA's leather footwear market rose significantly to $X in 2021, picking up by 8.1% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Leather Footwear Production in MENA

In value terms, leather footwear production surged to $X in 2021 estimated in export price. Over the period under review, production showed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Leather Footwear Exports

Exports in MENA

In 2021, after two years of decline, there was significant growth in shipments abroad of leather footwear, when their volume increased by 33% to X tons. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, leather footwear exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporter of leather footwear in MENA, with the volume of exports amounting to X tons, which was approx. 62% of total exports in 2021. Tunisia (X tons) took the second position in the ranking, distantly followed by Morocco (X tons) and the United Arab Emirates (X tons). All these countries together took approx. 36% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to leather footwear exports from Turkey stood at +7.3%. At the same time, the United Arab Emirates (+8.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +8.4% from 2012-2021. By contrast, Tunisia (-1.0%) and Morocco (-6.2%) illustrated a downward trend over the same period. While the share of Turkey (+23 p.p.) and the United Arab Emirates (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tunisia (-5.6 p.p.) and Morocco (-12 p.p.) displayed negative dynamics.

In value terms, Turkey ($X), Tunisia ($X) and Morocco ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Turkey, with a CAGR of +6.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per kg in 2021, reducing by -7.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 7% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per kg), while the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Leather Footwear Imports

Imports in MENA

Leather footwear imports skyrocketed to X tons in 2021, growing by 24% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, leather footwear imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Israel (X tons) represented roughly 40% of total imports in 2021. Iraq (X tons) ranks next in terms of the total imports with a 9.9% share, followed by Yemen (7.4%), Turkey (6.4%), Saudi Arabia (6.3%), Kuwait (5.1%) and Algeria (4.6%). Qatar (X tons), Djibouti (X tons), Morocco (X tons), Libya (X tons) and Oman (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined 60% share of total imports. Saudi Arabia, Kuwait, Qatar, Iraq, Yemen, Algeria, Djibouti, Morocco, Libya and Oman lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, Djibouti, with a CAGR of +61.7%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per kg, with an increase of 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per kg), while Oman ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform