Raw bovine and equine hides and skins market in Oman

Earlier Report Observations

The market volume for raw bovine and equine hides and skins in Oman increased from 1 143 t in 2018 to 1 240 t in 2020, then dropped sharply to 866 t in 2021 before recovering to 1 150 t in 2022 and reaching 1 358 t in 2023. This fluctuation was influenced by changing export volumes, which peaked at 892 t in 2021, while domestic production steadily grew from 1 306 t to 1 805 t over the same period.

The market rebound in 2023 was supported by the expansion of the state-owned Oman General Leather Industries Company, which increased production of leather goods for both local and export markets, boosting demand for raw hides. Additionally, a growing focus on developing the local leather industry, rooted in traditional craftsmanship, helped stimulate domestic consumption.

Production raw bovine and equine hides and skins in Oman

In kind, 2017-2020, t

Top producers of raw bovine and equine hides and skins, 2017-2020

World map of production of raw bovine and equine hides and skins, 2017-2020

Oman's production of raw bovine and equine hides and skins has increased for the second year in a row. In 2020, the country produced 1 778 tonnes, marking a 2.0% rise compared to the previous year. Looking at the period from 2017 to 2020, overall production grew by 6.1%, which translates to an average annual increase of 2.0%. The lowest production level was recorded in 2018 at 1 306 tonnes, when output fell by 22.1%. This was followed by a significant rebound in 2019, with production jumping by 33.5%.

Annual dynamics of production in Oman in kind, 2017-2020, t

Exports raw bovine and equine hides and skins from Oman

Exports in kind, t

The market displayed considerable volatility during the observed period. Exports reached their lowest point in 2018 at 167.0 tonnes, before climbing to a peak of 556.7 tonnes in 2019—a 3.3-fold increase between these two years. In 2020, Oman exported 538.2 tonnes of raw bovine and equine hides and skins, which represents a 3.3% decrease year-over-year. The sharpest decline occurred in 2018, when exports dropped by 47.5%, while the most substantial growth was seen in 2019, with a surge of 233.3%.

Annual dynamics of product's exports from Oman in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Oman's exports of raw bovine and equine hides and skins were Nigeria, India, and Pakistan. Nigeria accounted for 39.3% of exports in kind, India for 36.5%, and Pakistan for 12.8%. Together, these three countries made up 88.6% of total export flows during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Oman in kind, 2017-2020

Exports in value, K $ US

The market showed an unstable trend over the timeframe. Exports in value terms hit their lowest point in 2018 at 185.4 thousand US dollars, before peaking in 2020 at 780.2 thousand US dollars—a 4.2-fold difference between these years. In 2020, Oman's exports of raw bovine and equine hides and skins amounted to 780.2 thousand US dollars, reflecting a gradual year-over-year increase of 8.9%. The largest decline was recorded in 2018, when exports fell by 16.3%, while the most significant growth occurred in 2019, with a jump of 286.4%.

Annual dynamics of product's exports from Oman in value, 2017-2020, K $ US

Between 2017 and 2020, Nigeria and India were the dominant destinations for Oman's exports of raw bovine and equine hides and skins in value terms. Together, they accounted for 89.8% of total export flows, with the remainder distributed among smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Oman in value, 2017-2020

Imports raw bovine and equine hides and skins to Oman

Imports in kind, t

Market behavior was characterized by volatility during these years. Imports reached their lowest point in 2018 at 3.6 tonnes, after peaking in 2017—a 5.6-fold difference between these two years. In 2019, Oman imported 7.5 tonnes of raw bovine and equine hides and skins, which represents a substantial increase of 109.7% compared to the previous year. The sharpest decline was recorded in 2018, with imports falling by 82.0%.

Annual dynamics of product's imports to Oman in kind, 2017-2020, t

Throughout the period from 2017 to 2020, the United Arab Emirates and Yemen were the principal suppliers of raw bovine and equine hides and skins to Oman. Together, they accounted for 99.9% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Oman in kind, 2017-2020

Imports in value, K $ US

Oman's imports of raw bovine and equine hides and skins in value terms have increased for the second consecutive year. In 2019, imports were recorded at 32.8 thousand US dollars, marking an abrupt rise of 27.9% compared to 2018. Over the period from 2017 to 2019, imports grew by 244.4%, with a compound annual growth rate of 51.0%.

Annual dynamics of product's imports to Oman in value, 2017-2020, K $ US

From 2017 to 2020, the United Arab Emirates was the key and nearly sole market for Oman's imports of raw bovine and equine hides and skins in value terms, accounting for 93.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Oman in value, 2017-2020