The market is dominated by domestic suppliers, as imports account for 6.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 89.0% of total demand in 2023. Saudi Arabia has the largest market size for cement, stone and ceramic products regionally, with demand reaching USD22.9 billion in 2023. Saudi Readymix Concrete Co Ltd is the largest company in Saudi Arabia, generating 5.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 11.2% of total production value in 2023. The total number of companies increases in 2023, to 8,508 units. The costs of the industry decrease by 5.9% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 44.8% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 2.1% of total production output. With production value of USD24.9 billion, Saudi Arabia accounts for 34.2% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Cement, Stone and Ceramic Products in Saudi Arabia: ISIC 269. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cement, Stone and Ceramic Products in Saudi Arabia: ISIC 269 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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