The market is dominated by domestic suppliers, as imports account for 23.9% of total market size in 2022. Households drive market demand, with household spending representing 84.7% of total demand in 2022. Saudi Arabia has the second largest market size for carpets and rugs regionally, with demand reaching USD1.1 billion in 2022. Al Abdullatif Industrial Investment Co is the largest company in Saudi Arabia, generating 8.3% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 9.9% of total production value in 2022. The total number of companies decreases in 2022, to 108 units. The costs of the industry increase by 10% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 30.8% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 6.4% of total production output. With production value of USD638 million, Saudi Arabia accounts for 15.2% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in Saudi Arabia: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in Saudi Arabia: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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