The market is dominated by domestic suppliers, as imports account for 20.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 89.8% of total demand in 2022. Saudi Arabia has the fifth largest market size for man-made fibres regionally, with demand reaching USD324 million in 2022. The total number of companies increases in 2022, to 32 units. The costs of the industry increase by 17.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 29.5% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 12.3% of total production output. With production value of USD363 million, Saudi Arabia accounts for 16.4% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Man-made Fibres in Saudi Arabia: ISIC 243. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Man-made Fibres in Saudi Arabia: ISIC 243 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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