The market is dominated by domestic suppliers, as imports account for 41.3% of total market size in 2022. Investments drive market demand, with investments representing 92.2% of total demand in 2022. Saudi Arabia has the seventh largest market size for agricultural and forestry machinery regionally, with demand reaching USD138 million in 2022. Akel Trading & Industrial Co is the largest company in Saudi Arabia, generating 11.8% of the industry’s total production value in 2022. The industry is fragmented, with the top four companies generating 29.4% of total production value in 2022. The total number of companies increases in 2022, to 35 units. The costs of the industry increase by 19.3% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 24.1% of production value in 2022, the second highest regionally. With production value of USD74.2 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 Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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