The market is dominated by foreign suppliers, as imports account for 87.5% of total market size in 2022. Households drive market demand, with household spending representing 51.8% of total demand in 2022. Saudi Arabia has the third largest market size for optical instruments and photographic equipment regionally, with demand reaching USD497 million in 2022. Dehlawi Optical Industries is the largest company in Saudi Arabia, generating 39.4% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 47.7% of total production value in 2022. The total number of companies remains unchanged in 2022. The costs of the industry increase by 13% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 31.0% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 8.3% of total production output. With production value of USD55.7 million, Saudi Arabia accounts for 3.5% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Saudi Arabia: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Saudi Arabia: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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