United Arab Emirates: Leather Market 2022

Leather Market Size in the United Arab Emirates

The leather market in the United Arab Emirates reached $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Leather Production in the United Arab Emirates

In value terms, leather production shrank to $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.5% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 81% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Leather Exports

Exports from the United Arab Emirates

After two years of decline, overseas shipments of leather increased by 27% to X tons in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 96%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, leather exports fell to $X in 2021. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for leather exports from the United Arab Emirates, with a 79% share of total exports. Moreover, leather exports to India exceeded the volume sent to the second major destination, Somalia (X tons), more than tenfold. The third position in this ranking was taken by Pakistan (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (0.0% per year) and Pakistan (+2.7% per year).

In value terms, India ($X) remains the key foreign market for leather exports from the United Arab Emirates, comprising 59% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+101.3% per year) and Pakistan (-3.2% per year).

Export Prices by Country

The average leather export price stood at $X per ton in 2021, with a decrease of -23.3% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into the United Arab Emirates

Leather imports into the United Arab Emirates reduced to X tons in 2021, with a decrease of -7.1% on 2020. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, leather imports expanded rapidly to $X in 2021. In general, imports showed a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 22%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria (X tons), Italy (X tons) and Tunisia (X tons) were the main suppliers of leather imports to the United Arab Emirates, together accounting for 44% of total imports.

From 2012 to 2021, the biggest increases were in Nigeria (with a CAGR of +1,750.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of leather to the United Arab Emirates, comprising 36% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.7% per year) and Turkey (+11.8% per year).

Import Prices by Country

In 2021, the average leather import price amounted to $X per ton, increasing by 23% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, leather import price increased by +71.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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