Over $20bln MEA footwear and leather market on upswing with retail spending rise

Over $20bln MEA footwear and leather market on upswing with retail spending rise

Over 250 top footwear and leather producers from across the world to showcase over 10,000 product lines

Dubai:  The region’s largest footwear and leather products – DIFLEX 2023 – will debut during December 11-13 in the backdrop of the demand upswing for footwear and leather goods in the Middle East and Africa (MEA) estimated to be growing at a CAGR of over 7 per cent and poised to touch upwards of USD 20 billion by next year.

In a statement, Verifair, organisers of DIFLEX 2023 which will be hosted at Dubai Festival Arena, Dubai Festival City, said that over 250 top notch footwear, leather and leather accessories producers from across the world are participating at this one-of-its-kind event, showcasing over 10,000 product lines.

“Despite inflationary pressures and the macro-economic environment, consumer spending on footwear and leather products have maintained a growth momentum, with the key demand markets of the UAE and Saudi Arabia contributing a major share.  In this context, DIFLEX 2023 offers a one-stop-shop for prospecting new business partnerships and sourcing products from multiple global markets under one roof,” said Jeen Joshua, Managing Director, Verifair.

Manufacturers and Producers at DIFLEX are from the leading footwear and leather producing hubs of Turkey, Egypt, India, Sri