The market is dominated by domestic suppliers, as imports account for 35.7% of total market size in 2022. Households drive market demand, with household spending representing 89.1% of total demand in 2022. Saudi Arabia has the second largest market size for luggage, handbags and saddlery regionally, with demand reaching USD1.2 billion in 2022. The total number of companies remains unchanged in 2022. The costs of the industry increase by 13.6% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 58.1% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 2.4% of total production output. With production value of USD687 million, Saudi Arabia accounts for 54.0% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Luggage, Handbags and Saddlery in Saudi Arabia: ISIC 1912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Luggage, Handbags and Saddlery in Saudi Arabia: ISIC 1912 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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