With production value of USD694 million, Saudi Arabia accounts for 32.0% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 63.2% of total production output. The industry’s profitability decreases and stands at 81.2% of production value in 2023, the highest regionally. The costs of the industry decrease by 4% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 286 units. The industry is fragmented, with the top five companies generating 32.4% of total production value in 2023. Al-Qaryan Group is the largest company in Saudi Arabia, generating 17.4% of the industry’s total production value in 2023. Saudi Arabia has the second largest market size for recycling of metal waste regionally, with demand reaching USD431 million in 2023. B2B drives market demand, with B2B spending representing 92.7% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 33.9% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Recycling of Metal Waste in Saudi Arabia: ISIC 371. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Recycling of Metal Waste in Saudi Arabia: ISIC 371 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Utilities and Recycling is an aggregation of Recycling; Collection and Distribution of Water; Manufacture and Distribution of Gas; Electricity; Sewage and Sanitation; Steam and Hot Water Supply
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