The market is dominated by domestic suppliers, as imports account for 0.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 60.7% of total demand in 2022. Saudi Arabia has the second largest market size for forming of metal and powder metallurgy regionally, with demand reaching USD1.3 billion in 2022. The total number of companies increases in 2022, to 891 units. The costs of the industry increase by 18% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 41.7% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 1.8% of total production output. With production value of USD1.2 billion, Saudi Arabia accounts for 21.3% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in Saudi Arabia: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in Saudi Arabia: ISIC 2891 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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