With production value of USD2.7 billion, Saudi Arabia accounts for 17.3% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 8.2% of total production output. The industry’s profitability increases and stands at 26.6% of production value in 2023, the eighth highest regionally. The costs of the industry decrease by 2.2% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 9,907 units. The industry is fragmented, with the top five companies generating 28.5% of total production value in 2023. Western Bakeries Co is the largest company in Saudi Arabia, generating 15.3% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for bakery products regionally, with demand reaching USD4.9 billion in 2023. Households drive market demand, with household spending representing 89.9% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 21.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Bakery Products in Saudi Arabia: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Saudi Arabia: ISIC 1541 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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