GCC: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in GCC

After five years of growth, the GCC optical radiation instruments market decreased by -9.8% to $X in 2022. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.2% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Optical Radiation Instruments Production in GCC

In value terms, optical radiation instruments production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 19%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports in GCC

Optical radiation instruments exports surged to X units in 2022, jumping by 26% against 2021. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 117% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, optical radiation instruments exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 105%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the key exporter of instruments using optical radiations in GCC, with the volume of exports finishing at X units, which was near 78% of total exports in 2022. Oman (X units) ranks second in terms of the total exports with a 12% share, followed by Saudi Arabia (5.3%). Bahrain (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Oman (+50.6%) and Saudi Arabia (+11.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +50.6% from 2012-2022. By contrast, Bahrain (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Saudi Arabia increased by +12 and +2.1 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest optical radiation instruments supplier in GCC, comprising 81% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.4% share of total exports. It was followed by Oman, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+11.9% per year) and Oman (+44.0% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by 6.7% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical radiation instruments export price decreased by -13.4% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+10.4%), while the other leaders experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports in GCC

After five years of growth, supplies from abroad of instruments using optical radiations decreased by -2.1% to X units in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. The volume of import peaked at X units in 2021, and then declined modestly in the following year.

In value terms, optical radiation instruments imports reduced to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X units, which resulted at 59% of total imports. Qatar (X units) ranks second in terms of the total imports with a 13% share, followed by Oman (12%), Kuwait (8.7%) and Bahrain (8.2%).

From 2012 to 2022, average annual rates of growth with regard to optical radiation instruments imports into the United Arab Emirates stood at +8.8%. At the same time, Qatar (+24.5%), Bahrain (+11.4%), Oman (+6.1%) and Kuwait (+5.4%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +24.5% from 2012-2022. While the share of Qatar (+9.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-2.7 p.p.), Kuwait (-3.9 p.p.) and Oman (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported instruments using optical radiations in GCC, comprising 45% of total imports. The second position in the ranking was held by Qatar ($X), with a 10% share of total imports. It was followed by Kuwait, with a 6.5% share.

In the United Arab Emirates, optical radiation instruments imports expanded at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+18.5% per year) and Kuwait (+3.8% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by -3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform