With production value of USD2.1 billion, Saudi Arabia accounts for 19.4% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 9.3% of total production output. The industry’s profitability increases and stands at 31.1% of production value in 2023, the second highest regionally. The costs of the industry decrease by 5.8% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 168 units. The industry is fragmented, with the top five companies generating 41.8% of total production value in 2023. Lazurde Group is the largest company in Saudi Arabia, generating 23.2% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for jewellery and related articles regionally, with demand reaching USD9.4 billion in 2023. Households drive market demand, with household spending representing 66.5% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 30.8% of total market size in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Jewellery and Related Articles in Saudi Arabia: ISIC 3691. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Jewellery and Related Articles in Saudi Arabia: ISIC 3691 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!