The market is dominated by domestic suppliers, as imports account for 9.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.4% of total demand in 2023. Saudi Arabia has the largest market size for plastic in primary forms and synthetic rubber regionally, with demand reaching USD28.8 billion in 2023. Saudi Basic Industries Corp is the largest company in Saudi Arabia, generating 11.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.1% of total production value in 2023. The total number of companies increases in 2023, to 389 units. The costs of the industry decrease by 6.8% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.5% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 48.4% of total production output. With production value of USD53.0 billion, Saudi Arabia accounts for 50.2% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Plastic in Primary Forms and Synthetic Rubber in Saudi Arabia: ISIC 2413. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Plastic in Primary Forms and Synthetic Rubber in Saudi Arabia: ISIC 2413 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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