The market is dominated by foreign suppliers, as imports account for 77.5% of total market size in 2023. Households drive market demand, with household spending representing 58.1% of total demand in 2023. Saudi Arabia has the seventh largest market size for sugar regionally, with demand reaching USD930 million in 2023. United Sugar Co is the largest company in Saudi Arabia, generating 77.1% of the industry’s total production value in 2023. The industry is concentrated, with the top two companies generating 81.7% of total production value in 2023. The total number of companies increases in 2023, to 67 units. The costs of the industry increase by 2.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 24.2% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 33.4% of total production output. With production value of USD253 million, Saudi Arabia accounts for 3.3% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Sugar in Saudi Arabia: ISIC 1542. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sugar in Saudi Arabia: ISIC 1542 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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