The market is dominated by foreign suppliers, as imports account for 54.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.0% of total demand in 2022. Saudi Arabia has the largest market size for basic chemicals regionally, with demand reaching USD10.3 billion in 2022. Saudi Basic Industries Corp is the largest company in Saudi Arabia, generating 23.2% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 53.4% of total production value in 2022. The total number of companies increases in 2022, to 202 units. The costs of the industry increase by 20.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 13.7% of production value in 2022, the 12th highest regionally. The industry’s exports share increases in 2022 to 77.0% of total production output. With production value of USD20.4 billion, Saudi Arabia accounts for 36.4% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Basic Chemicals in Saudi Arabia: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in Saudi Arabia: ISIC 2411 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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