The market is dominated by foreign suppliers, as imports account for 95.8% of total market size in 2023. Investments drive market demand, with investments representing 42.3% of total demand in 2023. Saudi Arabia has the largest market size for accumulators, primary cells and primary batteries regionally, with demand reaching USD472 million in 2023. Middle East Battery Co is the largest company in Saudi Arabia, generating 14.4% of the industry’s total production value in 2023. The industry is fragmented, with the top two companies generating 24.5% of total production value in 2023. The total number of companies increases in 2023, to 13 units. The costs of the industry decrease by 2.6% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 21.1% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 73.9% of total production output. With production value of USD65.0 million, Saudi Arabia accounts for 5.1% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in Saudi Arabia: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in Saudi Arabia: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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