New Market Study, "Wood and Wood Products in Saudi Arabia: Industrial Report", Has Been Published
Domestic demand for wood and wood products registers strong 66% growth over review period despite global economic downturn, to reach SR10.3 billion in 2012. Imports grow slower than domestic demand, with share of market decreasing by six percentage points over review period. Turnover of local producers grows by 82% from 2007, greatly outperforming market. Exports remain negligible, generating meagre 2% of turnover in 2012. Production revenue expected to maintain strong 64% growth over forecast period, amid rising demand from construction...
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