"Machinery for Textile and Apparel Production in Saudi Arabia: Industrial Report" Published
Market value grows by 10% CAGR over 2007-2012; sales highly correlated to development of domestic clothing industry. Imports up 42% from 2007; imports' share still declines to 76% of total market in 2012. Spinning, weaving and knitting machinery dominates local industry in terms of revenue; production of dyeing and finishing machinery increases fastest. Only 14 local players in the industry; profitability margins up seven percentage points to 31% of turnover in 2012. Industry's turnover projected to climb by 10% CAGR...
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