The market is dominated by foreign suppliers, as imports account for 86.0% of total market size in 2022. Households drive market demand, with household spending representing 44.8% of total demand in 2022. Saudi Arabia has the third largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD1.5 billion in 2022. Saudi Arabian Television Mfg Co Ltd is the largest company in Saudi Arabia, generating 6.8% of the industry’s total production value in 2022. The industry is fragmented, with the top one company generating 6.8% of total production value in 2022. The total number of companies remains unchanged in 2022. The costs of the industry increase by 13.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 27.9% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 6.4% of total production output. With production value of USD177 million, Saudi Arabia accounts for 4.7% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in Saudi Arabia: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in Saudi Arabia: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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