The market is dominated by foreign suppliers, as imports account for 90.9% of total market size in 2023. Investments drive market demand, with investments representing 84.8% of total demand in 2023. Saudi Arabia has the largest market size for weapons and ammunition regionally, with demand reaching USD2.3 billion in 2023. BAE Systems Saudi Arabia Ltd is the largest company in Saudi Arabia, generating 20.7% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 20.7% of total production value in 2023. The total number of companies increases in 2023, to 30 units. The costs of the industry decrease by 2.1% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 30.9% of production value in 2023, the ninth highest regionally. The industry’s exports share increases in 2023 to 1.8% of total production output. With production value of USD169 million, Saudi Arabia accounts for 18.2% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Weapons and Ammunition in Saudi Arabia: ISIC 2927. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Weapons and Ammunition in Saudi Arabia: ISIC 2927 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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