The import of parts and accessories for optical microscopes to Bahrain has shown significant volatility from 2013 to 2023. The value in 2023 stood at 140.38 thousand US dollars. Over the last two years, the year-on-year growth rates were 5.17% in 2022 and 4.82% in 2023, indicating a steady if moderate increase. The compound annual growth rate (CAGR) over the past five years was 4.49%, suggesting an overall upward trend.
Looking at the forecast from 2024 onwards, the imports are expected to continue growing, reaching 170.76 thousand US dollars by 2028. The projected 5-year CAGR from 2024 to 2028 is estimated at 3.08%, reflecting a slower but consistent growth rate. The total growth rate over this period is anticipated to be 16.39%.
Future trends to watch for include technological advancements in optical microscopes, which may drive the demand for parts and accessories. Moreover, increased investment in scientific research and education within Bahrain could further stimulate imports in this sector.
