The market is dominated by foreign suppliers, as imports account for 57.9% of total market size in 2023. Households drive market demand, with household spending representing 95.7% of total demand in 2023. Saudi Arabia has the third largest market size for footwear regionally, with demand reaching USD1.6 billion in 2023. Saudi Co for Leather Industries Factory Ltd is the largest company in Saudi Arabia, generating 3.6% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 3.6% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 5.5% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 37.7% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 1.3% of total production output. With production value of USD588 million, Saudi Arabia accounts for 15.9% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Footwear in Saudi Arabia: ISIC 192. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Footwear in Saudi Arabia: ISIC 192 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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