The market is dominated by foreign suppliers, as imports account for 59.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 50.2% of total demand in 2022. Saudi Arabia has the fourth largest market size for basic iron and steel regionally, with demand reaching USD12.5 billion in 2022. Saudi Iron & Steel Co is the largest company in Saudi Arabia, generating 32.3% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 56.0% of total production value in 2022. The total number of companies decreases in 2022, to 305 units. The costs of the industry increase by 12.1% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 28.3% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 16.6% of total production output. With production value of USD5.5 billion, Saudi Arabia accounts for 9.1% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in Saudi Arabia: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in Saudi Arabia: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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