Kuwait: Optical Telescope Market 2025

Optical Telescope Market Size in Kuwait

The Kuwaiti optical telescope market surged to $X in 2021, jumping by 15% against the previous year. Overall, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Optical Telescope Production in Kuwait

In value terms, optical telescope production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Optical telescope production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports from Kuwait

In 2021, approx. X units of optical telescopes were exported from Kuwait; growing by 1,343% compared with the year before. In general, exports saw buoyant growth. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, optical telescope exports skyrocketed to $X in 2021. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 7,502%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of optical telescope exports from Kuwait, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +2,900.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for optical telescope exports from Kuwait, comprising 49% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports. It was followed by the United States, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+6,241.6% per year) and the United States (+13.1% per year).

Export Prices by Country

In 2021, the average optical telescope export price amounted to $X per unit, picking up by 32% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 484%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into Kuwait

In 2021, imports of optical telescopes into Kuwait surged to X units, increasing by 20% against 2020. In general, imports recorded a notable expansion. The growth pace was the most rapid in 2017 when imports increased by 434%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, optical telescope imports rose notably to $X in 2021. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 335% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of optical telescope to Kuwait, accounting for a 78% share of total imports. Moreover, optical telescope imports from China exceeded the figures recorded by the second-largest supplier, Mauritius (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (0.0% per year) and the United Arab Emirates (+29.4% per year).

In value terms, China ($X) constituted the largest supplier of optical telescope to Kuwait, comprising 67% of total imports. The second position in the ranking was taken by Switzerland ($X), with an 11% share of total imports. It was followed by the United States, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+32.4% per year) and the United States (-22.6% per year).

Import Prices by Country

The average optical telescope import price stood at $X per unit in 2021, waning by -12.3% against the previous year. Overall, the import price saw a deep downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 101% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Mauritius ($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 States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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