The market is dominated by domestic suppliers, as imports account for 9.3% of total market size in 2023. Investments drive market demand, with investments representing 69.1% of total demand in 2023. Saudi Arabia has the largest market size for musical instruments regionally, with demand reaching USD228 million in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 5% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 40.8% of production value in 2023, the highest regionally. With production value of USD131 million, Saudi Arabia accounts for 42.8% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Musical Instruments in Saudi Arabia: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in Saudi Arabia: ISIC 3692 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.
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