With production value of USD1.5 billion, Saudi Arabia accounts for 22.8% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 1.6% of total production output. The industry’s profitability increases and stands at 42.1% of production value in 2023, the highest regionally. The costs of the industry decrease by 5.1% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 910 units. Saudi Arabia has the second largest market size for forming of metal and powder metallurgy regionally, with demand reaching USD1.6 billion in 2023. B2B drives market demand, with B2B spending representing 61.6% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 0.2% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in Saudi Arabia: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in Saudi Arabia: ISIC 2891 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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