With production value of USD398 million, Saudi Arabia accounts for 1.6% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 6.3% of total production output. The industry’s profitability decreases and stands at 19.8% of production value in 2023, the 10th highest regionally. The costs of the industry decrease by 3% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 541 units. The industry is fragmented, with the top five companies generating 16.9% of total production value in 2023. Riyadh Food Industries Group is the largest company in Saudi Arabia, generating 9.5% of the industry’s total production value in 2023. Saudi Arabia has the sixth largest market size for grain mill products regionally, with demand reaching USD1.9 billion in 2023. Households drive market demand, with household spending representing 76.4% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 79.7% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Grain Mill Products in Saudi Arabia: ISIC 1531. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Grain Mill Products in Saudi Arabia: ISIC 1531 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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