With production value of USD1.1 billion, Saudi Arabia accounts for 20.8% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 3.3% of total production output. The industry’s profitability decreases and stands at 28.5% of production value in 2023, the highest regionally. The costs of the industry decrease by 0.6% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 109 units. The industry is fragmented, with the top two companies generating 9.9% of total production value in 2023. Al Abdullatif Industrial Investment Co is the largest company in Saudi Arabia, generating 8.4% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for carpets and rugs regionally, with demand reaching USD2.1 billion in 2023. Investments drive market demand, with investments representing 62.3% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 23.0% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in Saudi Arabia: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in Saudi Arabia: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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