Middle East: Footwear Treatments Market 2024

Footwear Treatments Market Size in the Middle East

The Middle Eastern footwear treatments market shrank to $X in 2022, waning by -5.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Production in the Middle East

In value terms, footwear treatments production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 75% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Footwear Treatments Exports

Exports in the Middle East

In 2022, approx. X tons of polishes and creams for footwear or leather were exported in the Middle East; approximately equating the previous year. In general, exports continue to indicate a pronounced setback. The growth pace was the most rapid in 2021 when exports increased by 15%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, footwear treatments exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 21%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. 95% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a 4.6% share of total exports.

Exports from Turkey decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, the United Arab Emirates (+6.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +6.3% from 2012-2022. While the share of the United Arab Emirates (+2.8 p.p.) and Turkey (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest footwear treatments supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to -3.7%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%).

Footwear Treatments Imports

Imports in the Middle East

In 2022, overseas purchases of polishes and creams for footwear or leather were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports rose sharply to $X in 2022. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Iraq (X tons) represented roughly 58% of total imports in 2022. Iran (X tons) held the next position in the ranking, followed by Israel (X tons) and Turkey (X tons). All these countries together took near 26% share of total imports. The following importers - Qatar (X tons) and Syrian Arab Republic (X tons) - each accounted for a 6.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +12.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported polishes and creams for footwear or leather in the Middle East, comprising 32% of total imports. The second position in the ranking was held by Israel ($X), with a 14% share of total imports. It was followed by Iraq, with a 13% share.

In the United Arab Emirates, footwear treatments imports contracted by an average annual rate of -4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-0.6% per year) and Iraq (-2.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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