With production value of USD692 million, Saudi Arabia accounts for 7.6% 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 23.3% of production value in 2023, the seventh highest regionally. The costs of the industry decrease by 2.3% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 45.1% of total production value in 2023. National Refrigeration Co is the largest company in Saudi Arabia, generating 23.6% of the industry’s total production value in 2023. Saudi Arabia has the second largest market size for domestic appliances regionally, with demand reaching USD2.8 billion in 2023. Investments drive market demand, with investments representing 54.6% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 72.8% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Domestic Appliances in Saudi Arabia: ISIC 293. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Domestic Appliances in Saudi Arabia: ISIC 293 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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