With production value of USD1.1 billion, Saudi Arabia accounts for 12.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 11.8% of total production output. The industry’s profitability increases and stands at 34.0% of production value in 2023, the seventh highest regionally. The costs of the industry decrease by 5.3% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 132 units. The industry is fragmented, with the top four companies generating 10.6% of total production value in 2023. Fiberglass Oasis Co is the largest company in Saudi Arabia, generating 5.1% of the industry’s total production value in 2023. Saudi Arabia has the fourth largest market size for spinning of textile fibres; weaving of textiles regionally, with demand reaching USD1.6 billion in 2023. B2B drives market demand, with B2B spending representing 78.8% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 34.5% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Spinning of Textile Fibres; Weaving of Textiles in Saudi Arabia: ISIC 1711. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spinning of Textile Fibres; Weaving of Textiles in Saudi Arabia: ISIC 1711 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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