GCC: Microscope Market 2024

Microscope Market Size in GCC

The GCC microscope market soared to $X in 2021, surging by 72% against the previous year. Overall, consumption, however, continues to indicate a moderate expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Microscope Production in GCC

In value terms, microscope production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 5,352% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Microscope Exports

Exports in GCC

In 2021, approx. X units of microscopes and diffraction apparatus were exported in GCC; increasing by 10% compared with the previous year. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 225% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, microscope exports reduced remarkably to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 543% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kuwait was the key exporting country with an export of about X units, which resulted at 68% of total exports. It was distantly followed by Saudi Arabia (X units), mixing up a 24% share of total exports. The United Arab Emirates (X units) and Oman (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to microscope exports from Kuwait stood at +15.1%. At the same time, Oman (+22.0%) and Saudi Arabia (+12.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +22.0% from 2012-2021. By contrast, the United Arab Emirates (-15.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kuwait increased by +68 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest microscope supplying countries in GCC were Kuwait ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 90% of total exports.

Kuwait, with a CAGR of +102.8%, saw the highest growth rate of the value of exports, in terms of 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 2021, with a decrease of -23.7% against the previous year. In general, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 an increase of 98% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.7%), while the other leaders experienced more modest paces of growth.

Microscope Imports

Imports in GCC

After three years of growth, purchases abroad of microscopes and diffraction apparatus decreased by -28.7% to X units in 2021. In general, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2014 when imports increased by 356%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, microscope imports contracted sharply to $X in 2021. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 133%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X units, which resulted at 57% of total imports. Oman (X units) held the second position in the ranking, distantly followed by Bahrain (X units). All these countries together took approx. 42% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to microscope imports into the United Arab Emirates stood at +2.6%. At the same time, Bahrain (+6.5%) and Oman (+1.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +6.5% from 2012-2021. Bahrain (+4.8 p.p.) and the United Arab Emirates (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported microscopes and diffraction apparatus in GCC, comprising 95% of total imports. The second position in the ranking was held by Bahrain ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +3.3%. In the other countries, the average annual rates were as follows: Bahrain (+15.5% per year) and Oman (-10.0% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, surging by 3.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 345%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform