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The 2016 Economic and Product Market Databook for Buraydah, Saudi Arabia

  • Date Submitted: 12/14/2015 10:35 PM
  • Flesch-Kincaid Score: 36 
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15 Dec, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “The 2016 Economic and Product Market Databook for Buraydah, Saudi Arabia” The goal of this report is to report the real economic potential, or what an economist calls the latent demand, represented by Buraydah when defined as an area of dominant influence.

http://www.marketreportsonsaudiarabia.com/service-industry-market-research-reports-3056/economic-product-databook-buraydah-saudi-arabia.html

In performing various economic analyses for its clients, I have occasionally been asked to investigate the market potential for various products and services in Saudi Arabia. The purpose of this study is to understand the density of demand within Saudi Arabia and the extent to which Buraydah might be used as a point of distribution within Europe & the Middle East. From an economic perspective, however, Buraydah does not represent a population within rigid geographical boundaries, rather, it represents an area of dominant influence over markets in adjacent areas. This influence varies from one industry to another, but also from one period of time to another. In what follows, I summarize the economic potential for Buraydah over the next five years for hundreds of industries, categories and products. The goal of this report is to report the real economic potential, or what an economist calls the latent demand, represented by Buraydah when defined as an area of dominant influence. The reader needs to realize that latent demand may or may not represent real sales.

For many items, latent demand is clearly observable in sales, as in the case for food or housing items. Consider, however, the category "satellite launch vehicles". Clearly, there are no launch pads in Buraydah used by the space industry to launch satellites. However, the core benefit of the vehicles (e.g. telecommunications, etc.) is "consumed" by the area served by Buraydah. Without Buraydah, in other words, the market...

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