With production value of USD5.4 billion, Saudi Arabia accounts for 7.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 27.0% of total production output. The industry’s profitability increases and stands at 22.9% of production value in 2023, the ninth highest regionally. The costs of the industry decrease by 4.5% in 2023, largely driven by declining B2B costs. The total number of companies decreases in 2023, to 300 units. The industry is concentrated, with the top five companies generating 57.1% of total production value in 2023. Saudi Iron & Steel Co is the largest company in Saudi Arabia, generating 33.0% of the industry’s total production value in 2023. Saudi Arabia has the fifth largest market size for basic iron and steel regionally, with demand reaching USD11.6 billion in 2023. Investments drive market demand, with investments representing 54.4% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 63.8% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in Saudi Arabia: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in Saudi Arabia: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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