GCC: Microscope Market 2024

Microscope Market Size in GCC

The GCC microscope market expanded rapidly to $X in 2023, surging by X% against the previous year. In general, consumption showed a slight increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Microscope Production in GCC

In value terms, microscope production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Microscope Exports

Exports in GCC

In 2023, approx. X units of microscopes and diffraction apparatus were exported in GCC; increasing by X% on the year before. In general, exports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, microscope exports shrank dramatically to $X in 2023. Over the period under review, exports saw mild growth. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Bahrain (X units) prevails in exports structure, together creating X% of total exports. It was distantly followed by Kuwait (X units), comprising a X% share of total exports. Saudi Arabia (X units) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest microscope supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X), together accounting for X% of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, reducing by X% against the previous year. In general, the export price, however, recorded a temperate expansion. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Microscope Imports

Imports in GCC

In 2023, approx. X units of microscopes and diffraction apparatus were imported in GCC; with an increase of X% against 2022 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, microscope imports skyrocketed to $X in 2023. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Kuwait was the main importer of microscopes and diffraction apparatus in GCC, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units) and Bahrain (X units), together creating a X% share of total imports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to microscope imports into Kuwait stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported microscopes and diffraction apparatus in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, microscope imports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform