New Market Research Report: Carpets and Rugs in Saudi Arabia: Industrial Report
Market sees 11% CAGR over 2007-2012 to reach SR3.9 billion in the latter year. Local producers dominate as imports represent 16% of market value in 2012. Industry quite fragmented, with three largest companies generating one-fifth of total production. Driven by growing residential construction, industry predicted to see 9% CAGR over forecast period. Industry players keen on penetrating EU market, one of the largest and most profitable for Saudi goods.
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