New Market Study Published: Electronic Components, Valves and Tubes in Saudi Arabia: Industrial Report
Domestic demand grows by 12% over the review period, to reach SR3.3 billion in 2012. Imports decline as imports' penetration decreases by 24 percentage points to 35% of the total market over 2007-2012. The turnover of local producers outperforms the market to reach SR2.2 billion in 2012. Exports remain unimportant for local producers, generating a meagre 1% of total turnover. Production revenue is expected to grow by a CAGR of 7% over the forecast period amid rising demand.
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