Oman: Footwear Treatments Market 2024

Footwear Treatments Market Size in Oman

The Omani footwear treatments market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a noticeable reduction. Footwear treatments consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Footwear Treatments Exports

Exports from Oman

After four years of decline, overseas shipments of polishes and creams for footwear or leather increased by 113% to X tons in 2022. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 647% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports surged to $X in 2022. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 627% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for footwear treatments exports from Oman, with a 70% share of total exports. Moreover, footwear treatments exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+33.7% per year) and Somalia (-14.3% per year).

In value terms, Qatar ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Oman, comprising 83% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+38.5% per year) and Somalia (-25.5% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, with a decrease of -11.5% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 301%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Oman

In 2022, supplies from abroad of polishes and creams for footwear or leather was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest footwear treatments supplier to Oman, accounting for a 66% share of total imports. Moreover, footwear treatments imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.8% per year) and the United States (+44.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polishes and creams for footwear or leather to Oman, comprising 61% of total imports. The second position in the ranking was held by China ($X), with an 8.2% share of total imports. It was followed by the United States, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.5% per year) and the United States (+36.5% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, declining by -7.6% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear treatments import price increased by +7.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 43%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :