The market is dominated by domestic suppliers, as imports account for 8.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 93.2% of total demand in 2022. Saudi Arabia has the largest market size for refined petroleum products regionally, with demand reaching USD107 billion in 2022. Saudi Aramco is the largest company in Saudi Arabia, generating 60.9% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 96.9% of total production value in 2022. The total number of companies increases in 2022, to 261 units. The costs of the industry increase by 18.2% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 31.9% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 30.2% of total production output. With production value of USD95.5 billion, Saudi Arabia accounts for 27.5% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Saudi Arabia: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Saudi Arabia: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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