The market is dominated by domestic suppliers, as imports account for 47.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2023. Saudi Arabia has the second largest market size for basic chemicals regionally, with demand reaching USD9.7 billion in 2023. Saudi Basic Industries Corp is the largest company in Saudi Arabia, generating 23.4% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 54.0% of total production value in 2023. The total number of companies increases in 2023, to 208 units. The costs of the industry decrease by 5.9% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.7% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 74.2% of total production output. With production value of USD20.1 billion, Saudi Arabia accounts for 31.1% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Basic Chemicals in Saudi Arabia: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in Saudi Arabia: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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