With production value of USD3.2 billion, Saudi Arabia accounts for 28.6% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 12.8% of total production output. The industry’s profitability increases and stands at 30.1% of production value in 2023, the highest regionally. The costs of the industry decrease by 3.8% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 38 units. The industry is fragmented, with the top five companies generating 48.7% of total production value in 2023. Riyadh Cables Group of Cos is the largest company in Saudi Arabia, generating 16.2% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for insulated wire and cable regionally, with demand reaching USD3.5 billion in 2023. Investments drive market demand, with investments representing 47.4% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 15.5% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Insulated Wire and Cable in Saudi Arabia: ISIC 313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insulated Wire and Cable in Saudi Arabia: ISIC 313 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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