United Arab Emirates: Footwear Treatments Market 2024

Footwear Treatments Market Size in the United Arab Emirates

The footwear treatments market in the United Arab Emirates shrank notably to $X in 2022, with a decrease of -49.9% 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). Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from the United Arab Emirates

In 2022, the amount of polishes and creams for footwear or leather exported from the United Arab Emirates skyrocketed to X tons, rising by 221% on 2021 figures. Over the period under review, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, footwear treatments exports surged to $X in 2022. Overall, exports, however, recorded a slight contraction. The growth pace was the most rapid in 2017 with an increase of 199% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Burundi (X tons) was the main destination for footwear treatments exports from the United Arab Emirates, accounting for a 75% share of total exports. Moreover, footwear treatments exports to Burundi exceeded the volume sent to the second major destination, Rwanda (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Burundi amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+47.4% per year) and India (+71.0% per year).

In value terms, Burundi ($X) emerged as the key foreign market for polishes and creams for footwear or leather exports from the United Arab Emirates, comprising 47% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 22% share of total exports. It was followed by India, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burundi stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+54.5% per year) and India (+86.6% per year).

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, declining by -57.2% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Burundi ($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 Saudi Arabia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of polishes and creams for footwear or leather were imported into the United Arab Emirates; which is down by -11.8% compared with 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, footwear treatments imports dropped to $X in 2022. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of footwear treatments to the United Arab Emirates, with a 60% share of total imports. Moreover, footwear treatments imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.4% per year) and Turkey (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of polishes and creams for footwear or leather to the United Arab Emirates, comprising 32% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and Germany (-5.2% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, waning by -2.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 36%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($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 (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :