The market is dominated by domestic suppliers, as imports account for 3.5% of total market size in 2022. Households drive market demand, with household spending representing 69.8% of total demand in 2022. Saudi Arabia has the second largest market size for fishing regionally, with demand reaching USD3.6 billion in 2022. Saudi Fisheries Co is the largest company in Saudi Arabia, generating 0.5% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 0.6% of total production value in 2022. The total number of companies increases in 2022, to 86 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 32.7% of production value in 2022, the 15th highest regionally. With production value of USD2.8 billion, Saudi Arabia accounts for 18.5% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Fishing in Saudi Arabia: ISIC 5. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fishing in Saudi Arabia: ISIC 5 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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