Kuwait: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Kuwait

The Kuwaiti prepared culture media market contracted sharply to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Prepared Culture Media Exports

Exports from Kuwait

After three years of growth, overseas shipments of prepared culture media for development of micro-organisms decreased by X% to X kg in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, prepared culture media exports shrank to $X in 2022. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for prepared culture media exports from Kuwait, accounting for a X% share of total exports. Moreover, prepared culture media exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Cyprus (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for prepared culture media for development of micro-organisms exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2022, the average prepared culture media export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Cyprus ($X per ton) 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Culture Media Imports

Imports into Kuwait

Prepared culture media imports into Kuwait declined dramatically to X tons in 2022, falling by X% against 2021. Overall, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, prepared culture media imports dropped notably to $X in 2022. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of prepared culture media to Kuwait, with a X% share of total imports. Moreover, prepared culture media imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, Italy ($X), the Netherlands ($X) and the UK ($X) were the largest prepared culture media suppliers to Kuwait, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared culture media import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Italy ($X per ton) 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :