Report Update: Apr 1, 2024

Kuwait - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in Kuwait - 2021

Spectrometers and Spectrophotometers Price in Kuwait (CIF) - 2022

In 2022, the average spectrometers and spectrophotometers import price amounted to $11,294 per unit, falling by -12.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 32%. As a result, import price attained the peak level of $15,866 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($71,017 per unit), while the price for Romania ($1,553 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectrometers and Spectrophotometers Price in Kuwait (FOB) - 2022

The average spectrometers and spectrophotometers export price stood at $2,302 per unit in 2022, surging by 45% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 752% against the previous year. The export price peaked at $14,371 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 the United States ($8,618 per unit), while the average price for exports to Germany ($170 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 (+58.9%), while the prices for the other major destinations experienced mixed trend patterns.

Spectrometers and Spectrophotometers Imports in Kuwait

For the fourth year in a row, Kuwait recorded growth in purchases abroad of spectrometers and spectrophotometers, which increased by 4.1% to 379 units in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, spectrometers and spectrophotometers imports shrank to $4.3M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Imports peaked at $4.7M in 2021, and then dropped in the following year.

Import of Spectrometers and Spectrophotometers in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	854	926	1,330	1,238	13.2%
Australia	27.4	35.7	349	710	195.9%
United States	340	379	548	705	27.5%
Germany	671	369	428	400	-15.8%
Singapore	185	434	246	223	6.4%
South Korea	7.2	24.0	99.7	122	156.8%
China	33.4	41.3	101	115	51.0%
Malaysia	79.3	187	67.2	86.8	3.1%
Sweden	32.1	123	178	74.8	32.6%
Japan	71.8	13.3	78.0	54.2	-8.9%
Hungary	25.7	19.9	61.8	43.0	18.7%
Romania	0.4	118	2.7	26.4	304.1%
Canada	2.2	16.4	33.1	23.0	118.7%
Others	757	1,182	1,169	459	-15.4%
Total	3,087	3,869	4,692	4,280	11.5%

Top Suppliers of Spectrometers and Spectrophotometers to Kuwait in 2022:

United Kingdom (116.0 units)
United States (51.0 units)
Germany (37.0 units)
China (23.0 units)
Hungary (20.0 units)
Romania (17.0 units)
Singapore (16.0 units)
South Korea (11.0 units)
Australia (10.0 units)
Japan (10.0 units)
Canada (9.0 units)
Malaysia (9.0 units)
Sweden (7.0 units)

Spectrometers and Spectrophotometers Exports in Kuwait

After two years of decline, overseas shipments of spectrometers and spectrophotometers decreased by 0% to 7 units in 2022. In general, exports showed a abrupt slump. The smallest decline of -36.4% was in 2020. The exports peaked at 11 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectrometers and spectrophotometers exports surged to $16K in 2022. Overall, exports continue to indicate a precipitous decrease. Over the period under review, the exports reached the peak figure at $40K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Spectrometers and Spectrophotometers in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.2	10.3	4.6	8.6	-11.0%
Austria	4.2	4.7	3.4	3.5	-5.9%
United Arab Emirates	0.3	0.1	2.0	2.2	94.3%
Sweden	0.4	0.7	0.5	0.9	31.0%
South Korea	N/A	N/A	N/A	0.5	0%
Switzerland	0.2	0.3	0.2	0.3	14.5%
Germany	13.5	0.3	0.2	0.2	-75.4%
Russia	N/A	4.8	N/A	N/A	0%
Finland	0.1	N/A	N/A	N/A	0%
Pakistan	N/A	N/A	0.2	N/A	0%
Bahrain	0.2	N/A	N/A	N/A	0%
Others	8.8	N/A	N/A	N/A	0%
Total	40.0	21.1	11.1	16.1	-26.2%

Top Export Markets for Spectrometers and Spectrophotometers from Kuwait in 2022:

United Arab Emirates (1.0 units)
Austria (1.0 units)
United States (1.0 units)
Sweden (1.0 units)
Germany (1.0 units)
Switzerland (1.0 units)
South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26515330 - Spectrometers, spectrophotometers... using optical radiations

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023