Kuwait: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Kuwait

The Kuwaiti x-ray apparatus market soared to $X in 2022, jumping by 75% 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). Over the period under review, consumption posted a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

X-Ray Apparatus Exports

Exports from Kuwait

In 2022, overseas shipments of x-ray apparatus increased by 25% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 169%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, x-ray apparatus exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 339%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units), Bahrain (X units) and Belgium (X units) were the main destinations of x-ray apparatus exports from Kuwait, together comprising 80% of total exports. Moreover, x-ray apparatus exports in South Korea exceeded the figures recorded by the second-largest exporter, Bahrain, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), Belgium ($X) and Saudi Arabia ($X) constituted the largest markets for x-ray apparatus exported from Kuwait worldwide, together comprising 70% of total exports.

Saudi Arabia, with a CAGR of +10.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average x-ray apparatus export price stood at $X per unit in 2022, which is down by -50.9% against the previous year. In general, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 339%. As a result, the export price attained the peak level of $X per unit, and then fell significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to France ($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 Finland (+3,700.0%), while the prices for the other major destinations experienced mixed trend patterns.

X-Ray Apparatus Imports

Imports into Kuwait

In 2022, x-ray apparatus imports into Kuwait soared to X units, increasing by 140% compared with the year before. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus imports rose modestly to $X in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 123%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest x-ray apparatus supplier to Kuwait, accounting for a 60% share of total imports. Moreover, x-ray apparatus imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +52.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.4% per year) and Italy (+15.8% per year).

In value terms, Germany ($X) constituted the largest supplier of x-ray apparatus to Kuwait, comprising 28% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+26.0% per year) and the UK (+15.4% per year).

Import Prices by Country

The average x-ray apparatus import price stood at $X per unit in 2022, falling by -57.8% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54%. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :