Saudi Arabia: Leather Footwear Market 2022

Leather Footwear Market Size in Saudi Arabia

The Saudi leather footwear market reduced sharply to $X in 2017, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2017, consumption failed to regain the momentum.

Leather Footwear Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of leather footwear decreased by -X% to X pairs in 2017. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X pairs in 2007; however, from 2008 to 2017, exports stood at a somewhat lower figure.

In value terms, leather footwear exports shrank notably to $X in 2017. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Saudi Arabia exports peaked at $X in 2016, and then reduced notably in the following year.

Exports by Country

China was the major exporting country with an export of around X pairs, which reached X% of total exports. Vietnam (X pairs) occupied the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together took near X% share of total exports. Germany (X pairs), Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports.

Vietnam 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 more modest paces of growth.

Export Prices by Country

The leather footwear export price in Saudi Arabia stood at $X per pair in 2017, reducing by -X% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per pair in 2016, and then declined notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2017, the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Saudi Arabia

In 2017, approx. X pairs of leather footwear were imported into Saudi Arabia; picking up by X% against 2016. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2017 and are expected to retain growth in the immediate term.

In value terms, leather footwear imports reduced notably to $X in 2017. Overall, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) represented the key importers of leather footwear, together generating X% of total imports. The following importers - Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs) and Canada (X pairs) - together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Saudi Arabia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Saudi Arabia stood at $X per pair in 2017, dropping by -X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, import prices attained the maximum at $X per pair in 2014; however, from 2015 to 2017, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per pair), while the UK ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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