The market is dominated by foreign suppliers, as imports account for 81.6% of total market size in 2023. Investments drive market demand, with investments representing 49.9% of total demand in 2023. Saudi Arabia has the second largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD1.6 billion in 2023. Saudi Arabian Television Mfg Co Ltd is the largest company in Saudi Arabia, generating 6.8% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 6.8% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 5.6% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 25.0% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 8.4% of total production output. With production value of USD259 million, Saudi Arabia accounts for 6.5% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in Saudi Arabia: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in Saudi Arabia: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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