The market is dominated by domestic suppliers, as imports account for 17.1% of total market size in 2022. Households drive market demand, with household spending representing 90.6% of total demand in 2022. Saudi Arabia has the largest market size for bakery products regionally, with demand reaching USD6.3 billion in 2022. Western Bakeries Co is the largest company in Saudi Arabia, generating 15.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 28.1% of total production value in 2022. The total number of companies increases in 2022, to 9,704 units. The costs of the industry increase by 15% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 27.6% of production value in 2022, the sixth highest regionally. The industry’s exports share decreases in 2022 to 5.9% of total production output. With production value of USD3.5 billion, Saudi Arabia accounts for 21.4% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Bakery Products in Saudi Arabia: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Saudi Arabia: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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