Australia: Binocular Market 2025

Binocular Market Size in Australia

In 2021, the Australian binocular market decreased by -19.4% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Binocular Production in Australia

In value terms, binocular production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 587% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Binocular Exports

Exports from Australia

In 2021, after two years of decline, there was significant growth in overseas shipments of binoculars, when their volume increased by 44% to X units. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 614% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, binocular exports soared to $X in 2021. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 356%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for binocular exports from Australia, accounting for a 52% share of total exports. Moreover, binocular exports to New Zealand exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.5% per year) and Hong Kong SAR (-11.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for binoculars exports from Australia, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by New Zealand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.2% per year) and New Zealand (+1.3% per year).

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, with an increase of 73% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2013 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Binocular Imports

Imports into Australia

In 2021, the amount of binoculars imported into Australia rose notably to X units, surging by 8.6% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, binocular imports declined dramatically to $X in 2021. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 454% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of binocular to Australia, accounting for a 87% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.3% per year) and Germany (-2.5% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest binocular suppliers to Australia, together accounting for 80% of total imports.

The United States, with a CAGR of +25.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, declining by -60.1% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 334%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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