Canada - Optical Telescopes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCost of Optical Telescope in Canada Soars by 11%, Now at An Average of $44.1 Each
Canada Optical Telescope Import Price in August 2024
In August 2024, the optical telescope price stood at $44.1 per unit (CIF, Canada), surging by 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average import price increased by 147% m-o-m. The import price peaked at $118 per unit in March 2024; however, from April 2024 to August 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1,500 per unit), while the price for China ($31.4 per unit) was amongst the lowest.
From August 2023 to August 2024, the most notable rate of growth in terms of prices was attained by the United States (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Optical Telescope in Canada (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | |
| Austria | 199 | 660 | 1,116 | 1,397 | 1,505 | 1,547 | 1,309 | 1,651 | 1,600 | 1,677 | 1,631 | 1,597 | 1,500 |
| Japan | 882 | 558 | 418 | 532 | 516 | 447 | 130 | 637 | 953 | 1,196 | 697 | 831 | 941 |
| United States | 46.9 | 392 | 64.8 | 523 | 598 | 481 | 391 | 636 | 776 | 242 | 432 | 365 | 513 |
| China | 39.0 | 28.3 | 41.6 | 93.5 | 54.4 | 47.9 | 36.5 | 68.1 | 38.5 | 39.1 | 35.1 | 28.3 | 31.4 |
| Average | 40.9 | 40.6 | 47.6 | 117 | 74.1 | 74.1 | 59.6 | 118 | 62.6 | 53.4 | 47.7 | 39.7 | 44.1 |
Canada Optical Telescope Imports
For the fifth month in a row, Canada recorded growth in purchases abroad of optical telescopes, which increased by 13% to 27K units in August 2024. In general, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in October 2023 with an increase of 62% against the previous month. As a result, imports reached the peak of 35K units. From November 2023 to August 2024, the growth of imports remained at a lower figure.
In value terms, optical telescope imports surged to $1.2M (IndexBox estimates) in August 2024. Over the period under review, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in October 2023 when imports increased by 90% against the previous month. Imports peaked at 1.9M units in November 2023; however, from December 2023 to August 2024, imports failed to regain momentum.
Canada Optical Telescope Imports by Country
In August 2024, China (26K units) was the main optical telescope supplier to Canada, accounting for a 98% share of total imports. It was followed by the United States (357 units), with a 1.3% share of total imports.
From August 2023 to August 2024, the average monthly growth rate of volume from China was relatively modest.
In value terms, China ($829K) constituted the largest supplier of optical telescope to Canada, comprising 70% of total imports. The second position in the ranking was held by the United States ($183K), with a 15% share of total imports.
From August 2023 to August 2024, the average monthly rate of growth in terms of value from China amounted to -1.1%.
This report provides an in-depth analysis of the optical telescope market in Canada. 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 26702250 - Instruments (excluding binoculars) such as optical telescopes
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
