With production value of USD4.6 billion, Saudi Arabia accounts for 19.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 1.3% of total production output. The industry’s profitability increases and stands at 45.1% of production value in 2023, the 12th highest regionally. The costs of the industry decrease by 5.4% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 293 units. The industry is fragmented, with the top five companies generating 26.8% of total production value in 2023. Saudi Marble & Granite Fty Co Ltd is the largest company in Saudi Arabia, generating 21.2% of the industry’s total production value in 2023. Saudi Arabia has the second largest market size for quarrying of stone, sand and clay regionally, with demand reaching USD5.5 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 2.2% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Quarrying of Stone, Sand and Clay in Saudi Arabia: ISIC 14. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Quarrying of Stone, Sand and Clay in Saudi Arabia: ISIC 14 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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