Kuwait: Chromatograph Market 2024

Chromatograph Market Size in Kuwait

After two years of growth, the Kuwaiti chromatograph market decreased by -1.7% to $X in 2022. In general, consumption, however, showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Chromatograph Exports

Exports from Kuwait

In 2022, overseas shipments of chromatographs and electrophoresis instruments increased by 11% to X units, rising for the second year in a row after four years of decline. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 233%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, chromatograph exports declined dramatically to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 366%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for chromatograph exports from Kuwait, with a 70% share of total exports. Moreover, chromatograph exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. Saudi Arabia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Saudi Arabia (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for chromatographs and electrophoresis instruments exports from Kuwait, comprising 79% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.4% per year) and Saudi Arabia (+0.6% per year).

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, shrinking by -42% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 262%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chromatograph Imports

Imports into Kuwait

In 2022, chromatograph imports into Kuwait amounted to X units, approximately mirroring the previous year's figure. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 257% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, chromatograph imports fell to $X in 2022. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2017 when imports increased by 394% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Japan (X units) and South Korea (X units) were the main suppliers of chromatograph imports to Kuwait, with a combined 36% share of total imports. Germany, France, the UK, the United States, Singapore, the United Arab Emirates and Italy lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chromatograph suppliers to Kuwait were the Netherlands ($X), Japan ($X) and Singapore ($X), with a combined 35% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +37.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chromatograph import price stood at $X per unit in 2022, waning by -3.3% against the previous year. In general, the import price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2017 an increase of 102%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for South Korea ($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 UK (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :