The market is dominated by foreign suppliers, as imports account for 84.7% of total market size in 2022. Investments drive market demand, with investments representing 39.6% of total demand in 2022. Saudi Arabia has the largest market size for accumulators, primary cells and primary batteries regionally, with demand reaching USD500 million in 2022. Middle East Battery Co is the largest company in Saudi Arabia, generating 14.3% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 24.4% of total production value in 2022. The total number of companies increases in 2022, to 12 units. The costs of the industry increase by 19.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 23.4% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 39.8% of total production output. With production value of USD111 million, Saudi Arabia accounts for 10.1% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in Saudi Arabia: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in Saudi Arabia: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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