With production value of USD908 million, Saudi Arabia accounts for 55.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 10.3% of total production output. The industry’s profitability increases and stands at 56.9% of production value in 2023, the highest regionally. The costs of the industry decrease by 4.9% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 44 units. Saudi Arabia has the second largest market size for luggage, handbags and saddlery regionally, with demand reaching USD1.3 billion in 2023. Households drive market demand, with household spending representing 88.4% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 32.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Luggage, Handbags and Saddlery in Saudi Arabia: ISIC 1912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Luggage, Handbags and Saddlery in Saudi Arabia: ISIC 1912 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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