The market is dominated by foreign suppliers, as imports account for 89.1% of total market size in 2022. Households drive market demand, with household spending representing 58.0% of total demand in 2022. Saudi Arabia has the fifth largest market size for vegetable and animal oils and fats regionally, with demand reaching USD2.7 billion in 2022. Saudi Vegetable Oil & Ghee Co (SAVOLA) is the largest company in Saudi Arabia, generating 14.6% of the industry’s total production value in 2022. The industry is fragmented, with the top three companies generating 20.3% of total production value in 2022. The total number of companies decreases in 2022, to 184 units. The costs of the industry increase by 12.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 16.7% of production value in 2022, the ninth highest regionally. The industry’s exports share increases in 2022 to 21.2% of total production output. With production value of USD329 million, Saudi Arabia accounts for 2.2% of the Middle East and North Africa total in 2022.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in Saudi Arabia: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in Saudi Arabia: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!