Key Market Indicators
The Kuwaiti diagnostic reagent import and export market is set for growth. According to estimates, imports are projected to reach $118.6 million by 2026 from $102 million in 2021, growing at an average annual rate of 2.4%. Since 2005, demand in Kuwait has jumped by 5% per year. In 2021, the country ranked 47th, with Hungary just ahead at $102 million. Germany, China and the Netherlands placed 2nd, 3rd and 4th respectively. Exports are expected to reach $386.3 million by 2026 from $335.8 million in 2021, with a CAGR of 2.2%. From 2007, supplies in Kuwait have increased by more than 100% each year. In 2021, the country placed 72nd, with Armenia just above at $335.8 million. Germany, the Netherlands and the United Kingdom took the 2nd, 3rd and 4th spots respectively.
