The market is dominated by domestic suppliers, as imports account for 2.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 62.3% of total demand in 2022. Saudi Arabia has the second largest market size for coating of metals and mechanical engineering regionally, with demand reaching USD1.4 billion in 2022. Arabian Pipecoating Co Ltd is the largest company in Saudi Arabia, generating 2.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 5.6% of total production value in 2022. The total number of companies increases in 2022, to 6,250 units. The costs of the industry increase by 18.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 47.2% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 24.0% of total production output. With production value of USD1.7 billion, Saudi Arabia accounts for 31.3% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Coating of Metals and Mechanical Engineering in Saudi Arabia: ISIC 2892. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coating of Metals and Mechanical Engineering in Saudi Arabia: ISIC 2892 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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