With production value of USD34.4 billion, Saudi Arabia accounts for 12.4% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 1.6% of total production output. The industry’s profitability increases and stands at 60.0% of production value in 2023, the 10th highest regionally. The costs of the industry decrease by 7.8% in 2023, largely driven by declining B2B costs. The total number of companies decreases in 2023, to 117,517 units. The industry is fragmented, with the top five companies generating 2.9% of total production value in 2023. National Agricultural Development Co is the largest company in Saudi Arabia, generating 1.1% of the industry’s total production value in 2023. Saudi Arabia has the third largest market size for agriculture regionally, with demand reaching USD57.0 billion in 2023. B2B drives market demand, with B2B spending representing 76.2% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 18.1% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in Saudi Arabia: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in Saudi Arabia: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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