GCC: Sheep Leather Market 2024

Sheep Leather Market Size in GCC

The GCC sheep leather market soared to $X in 2023, jumping by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Sheep Leather Production in GCC

In value terms, sheep leather production rose markedly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Sheep Leather Exports

Exports in GCC

In 2023, shipments abroad of sheep or lamb skin leather decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, sheep leather exports contracted to $X in 2023. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the key exporting country with an export of around X square meters, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X square meters), achieving a X% share of total exports. Kuwait (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to sheep leather exports from Saudi Arabia stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Saudi Arabia ($X) remains the largest sheep leather supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, 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 the United Arab Emirates ($X per square meter), while Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Sheep Leather Imports

Imports in GCC

In 2023, approx. X square meters of sheep or lamb skin leather were imported in GCC; rising by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports reached the maximum at X square meters in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, sheep leather imports surged to $X in 2023. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Oman (X square meters), mixing up an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to sheep leather imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheep or lamb skin leather in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, sheep leather imports declined by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per square meter, falling by X% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Oman ($X per square meter), while the United Arab Emirates amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Source: IndexBox Platform