The market is dominated by domestic suppliers, as imports account for 4.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.3% of total demand in 2023. Saudi Arabia has the largest market size for spirits regionally, with demand reaching USD1.9 billion in 2023. The total number of companies increases in 2023, to 213 units. The costs of the industry decrease by 3.3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 57.2% of production value in 2023, the highest regionally. With production value of USD1.3 billion, Saudi Arabia accounts for 59.5% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Spirits in Saudi Arabia: ISIC 1551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spirits in Saudi Arabia: ISIC 1551 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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