With production value of USD1.1 billion, Saudi Arabia accounts for 7.2% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 44.5% of total production output. The industry’s profitability increases and stands at 35.1% of production value in 2023, the sixth highest regionally. The costs of the industry decrease by 4.9% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 427 units. Saudi Arabia has the fourth largest market size for metal packaging, wire and other fabricated metal products regionally, with demand reaching USD2.7 billion in 2023. Investments drive market demand, with investments representing 41.1% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 74.7% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Metal Packaging, Wire and Other Fabricated Metal Products in Saudi Arabia: ISIC 2899. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Metal Packaging, Wire and Other Fabricated Metal Products in Saudi Arabia: ISIC 2899 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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