The market is dominated by domestic suppliers, as imports account for 25.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 90.1% of total demand in 2023. Saudi Arabia has the fifth largest market size for man-made fibres regionally, with demand reaching USD297 million in 2023. The total number of companies increases in 2023, to 33 units. The costs of the industry decrease by 1.2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 28.6% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 13.7% of total production output. With production value of USD319 million, Saudi Arabia accounts for 11.4% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Man-made Fibres in Saudi Arabia: ISIC 243. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Man-made Fibres in Saudi Arabia: ISIC 243 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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