With production value of USD1.9 billion, Saudi Arabia accounts for 23.2% of the Middle East and North Africa total in 2023. The industry’s exports share decreases in 2023 to 0.5% of total production output. The industry’s profitability increases and stands at 39.7% of production value in 2023, the highest regionally. The costs of the industry decrease by 5% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 1,171 units. The industry is fragmented, with the top one company generating 41.0% of total production value in 2023. Chicago Bridge & Iron Co NV is the largest company in Saudi Arabia, generating 41.0% of the industry’s total production value in 2023. Saudi Arabia has the second largest market size for tanks, reservoirs, boilers and radiators regionally, with demand reaching USD2.2 billion in 2023. B2B drives market demand, with B2B spending representing 57.3% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 7.5% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in Saudi Arabia: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in Saudi Arabia: ISIC 2812 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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