The market is dominated by domestic suppliers, as imports account for 10.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.0% of total demand in 2022. Saudi Arabia has the largest market size for plastic in primary forms and synthetic rubber regionally, with demand reaching USD34.6 billion in 2022. Saudi Basic Industries Corp is the largest company in Saudi Arabia, generating 10.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 13.4% of total production value in 2022. The total number of companies increases in 2022, to 367 units. The costs of the industry increase by 40.8% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 13.0% of production value in 2022, the third highest regionally. The industry’s exports share decreases in 2022 to 56.0% of total production output. With production value of USD72.5 billion, Saudi Arabia accounts for 61.3% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Plastic in Primary Forms and Synthetic Rubber in Saudi Arabia: ISIC 2413. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Plastic in Primary Forms and Synthetic Rubber in Saudi Arabia: ISIC 2413 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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