The market is dominated by domestic suppliers, as imports account for 9.3% of total market size in 2022. Investments drive market demand, with investments representing 49.7% of total demand in 2022. Saudi Arabia has the largest market size for insulated wire and cable regionally, with demand reaching USD6.4 billion in 2022. Riyadh Cables Group of Cos is the largest company in Saudi Arabia, generating 16.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 48.4% of total production value in 2022. The total number of companies increases in 2022, to 36 units. The costs of the industry increase by 23.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 34.4% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 10.1% of total production output. With production value of USD6.0 billion, Saudi Arabia accounts for 48.1% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Insulated Wire and Cable in Saudi Arabia: ISIC 313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insulated Wire and Cable in Saudi Arabia: ISIC 313 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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