The market is dominated by foreign suppliers, as imports account for 61.1% of total market size in 2023. Investments drive market demand, with investments representing 91.2% of total demand in 2023. Saudi Arabia has the sixth largest market size for agricultural and forestry machinery regionally, with demand reaching USD169 million in 2023. Akel Trading & Industrial Co is the largest company in Saudi Arabia, generating 12.0% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 29.9% of total production value in 2023. The total number of companies increases in 2023, to 36 units. The costs of the industry decrease by 2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 23.7% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 14.9% of total production output. With production value of USD70.2 million, Saudi Arabia accounts for 3.1% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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