With production value of USD24.7 million, Saudi Arabia accounts for 13.5% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 1.9% of total production output. The industry’s profitability decreases and stands at 22.2% of production value in 2023, the eighth highest regionally. The costs of the industry decrease by 0.8% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. Saudi Arabia has the sixth largest market size for machinery for metallurgy regionally, with demand reaching USD70.2 million in 2023. Investments drive market demand, with investments representing 88.3% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 62.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Metallurgy in Saudi Arabia: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in Saudi Arabia: ISIC 2923 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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