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Reading: The annual value of the Saudi camel leather market is $98.7 million
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Gulf Press > Uncategorized > The annual value of the Saudi camel leather market is $98.7 million
Uncategorized

The annual value of the Saudi camel leather market is $98.7 million

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Last updated: 2024/08/31 at 7:50 PM
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The Saudi Fashion Commission recently emphasized the cultural significance and national heritage associated with camel products, as well as the potential benefits they offer in the realm of contemporary fashion. A research paper titled “Camels… contemporary fashion” revealed that the current market for camel leather in Saudi Arabia is valued at approximately $98.7 million annually. With 2,800 tons of camel hair able to be produced each year, worth $2 million, the Kingdom has a significant opportunity to capitalize on this valuable resource.

This research paper was developed as part of the “Future of Fashion” initiative, coinciding with the Year of the Camel 2024. It highlighted the global luxury leather goods market, valued at $75.8 billion in 2023 and projected to reach $92.4 billion by 2028. By leveraging the large population of camels in the Kingdom, there is great potential to enhance the utilization of camel products in fashion and other value chains, driving demand for this growing resource.

The commission’s report also underscored the role of camel products within the fashion industry, identifying opportunities for the use of camel skins and hair in fashion. Additionally, it outlined growth strategies for camel products in the fashion sector, as well as the future outlook for the industry at a global level. With the number of camels worldwide reaching 42 million, of which 94 percent are Arabian camels, Saudi Arabia is home to an estimated 2 million camels, ranking it fifth in the world in terms of camel population.

As the Kingdom continues to position itself as a key player in the global fashion industry, the utilization of camel products presents an innovative and sustainable avenue for growth. By tapping into the unique properties of camel leather and hair, Saudi designers and manufacturers have the opportunity to create distinctive and high-quality fashion products that resonate with both local and international consumers. Furthermore, by emphasizing the cultural and heritage aspects of camel products, Saudi Arabia can showcase its rich traditions and values through the medium of fashion, contributing to a more diverse and inclusive industry landscape.

In addition to the economic opportunities presented by the camel products market, there is also the potential for environmental sustainability and conservation efforts. By promoting the use of camel products in fashion, which are biodegradable and eco-friendly, Saudi Arabia can play a role in promoting sustainable practices within the industry. This aligns with global trends towards more sustainable and ethical fashion choices, positioning Saudi designers and brands as leaders in this emerging market segment.

As Saudi Arabia looks towards the future of fashion and works to establish itself as a hub for creativity and innovation, the camel products market offers a unique opportunity to showcase the Kingdom’s rich heritage and cultural traditions. By harnessing the potential of camel leather and hair in contemporary fashion, Saudi designers can create truly distinctive and authentic pieces that resonate with consumers worldwide. With the global luxury goods market continuing to grow, the Kingdom is well-positioned to capitalize on this trend and establish itself as a key player in the evolving landscape of the fashion industry.

In conclusion, the Saudi Fashion Commission’s focus on camel products in contemporary fashion not only highlights the economic potential of this market segment, but also underscores the cultural and heritage significance of these products. By leveraging the unique properties of camel leather and hair, Saudi Arabia has the opportunity to carve out a distinct niche in the global fashion industry, appealing to consumers who value authenticity, sustainability, and innovation. As the Kingdom continues to invest in the future of fashion, the camel products market presents a promising avenue for growth and creativity, showcasing the best of Saudi craftsmanship and tradition to the world.

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News Room August 31, 2024
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