Market Overview
Leather Goods and Textiles are Also High Growth Market Segments With Increasing Consumer Demand...
$27.93 Billion
Leather Goods
The Middle East luxury leather goods market was valued at US$16.12 Billion in 2021 and is expected to reach US$ 27.93 billion by 2029, registering a CAGR of 7.11%. Saudi Arabia dominates the region in revenue and market share due to high purchasing power and sustainable demand for these leather goods.
$7.32 Billion
Textile
The value of Saudi Arabia’s annual textile imports is US$7.32 Billion, ranking the country as the world’s 25th largest importer of textiles. Textile products are the 11th most exported in Saudi Arabia.
A look at the Booming Women’s and Men’s Apparel in Saudi Market....
$7.9 Billion
Women’s Apparel
The largest segment in this market is Women’s Apparel, which is estimated to have a market volume of US$7.90 bn in 2024. This market is anticipated to experience an annual growth of 2.70%(CAGR 2024-2028)
$5.4 Billion
Men’s Apparel
In 2024, the Men’s Apparel market in Saudi Arabia generated US$ 5.4 Billion in revenue. This is projected to grow annually by 3.29% (CAGR 2024-2028) . On average, each person in Saudi Arabia is expected to purchase 7 pieces of Men’s Apparel in 2024.
The Untapped Potential of Saudi Arabia’s Apparel and Nightwear Market ...
$4 Billion
Children’s Apparel
In 2024, the children Apparel in Saudi Arabia generated US$ 4 Billion in revenue. It is projected that this market will grow annually by 1.7 % (CAGR2024-2028). On average, each person in Saudi Arabia is expected to contribute to a volume of 18.8 pieces in the Children’s Apparel market in 2024.
$167.90 Million
Nightwear
In 2024, the Nightwear & Underwear market is Saudi Arabia is projected to generate revenue amounting to US$ 167.90 Million. In Saudi Arabia, the demand for modest nightwear and underwear is on the rise, reflecting the cultural values and preferences of the country.
Driven by Global Trends, the Accessories and Footwear Market is experiencing significant Growth...
$2.49 Billion
Accessories
In Saudi Arabia, the accessories market generates a revenue of US$ 2.49 Billion in 2024. This market is projected to experience an annual growth rate of 2.23 % (CAGR 2024-2028). The demand for high end luxury accessories in Saudi Arabia continues to rise, driven by the country’s affluent and growing interest in luxury brands.
$500 Million
Footwear
In Saudi Arabia, the revenue in the Footwear segment is projected to reach US$ 500 Million by 2024, with an expected annual growth rate of 4.56 % (CAGR 2024-2028). In terms of per capital revenue. The Saudi Arabian footwear market is experiencing a surge demand for luxury brands due the country’s high spending power.
