New Market Study, "Spirits in Saudi Arabia: Industrial Report", Has Been Published
Although the country lives on massive reserves of oil, Saudi Arabian demand for spirits rises by average annual rate of 13% over review period to reach SR2.0 billion in 2012. Ethyl alcohol from fermented materials represents most lucrative category in 2012, comprising virtually all of domestic demand. Imports reach value of R$52 million in 2012, following expansion of 559% over review period; South Africa and the UK are the main foreign partners. Turnover of local producers increases 90% over review...
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