GCC: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in GCC

The GCC optical radiation instruments market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X.9B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Optical Radiation Instruments Production in GCC

In value terms, optical radiation instruments production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X.6B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports in GCC

In 2022, optical radiation instruments exports in GCC soared to X units, growing by X% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical radiation instruments exports skyrocketed to $X in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the instruments using optical radiations exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest optical radiation instruments supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Optical Radiation Instruments Imports

Imports in GCC

For the third consecutive year, GCC recorded growth in overseas purchases of instruments using optical radiations, which increased by X% to X units in 2022. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, optical radiation instruments imports expanded rapidly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Qatar (X units) and the United Arab Emirates (X units) represented the key importers of instruments using optical radiations in GCC, together achieving X% of total imports. Kuwait (X units) ranks next in terms of the total imports with an X% share, followed by Oman (X%).

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical radiation instruments importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), with a combined X% share of total imports.

In terms of the main importing countries, Qatar, with a CAGR of X%, 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 import price in GCC stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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