Austria: Optical Telescope Market 2024

Optical Telescope Market Size in Austria

In 2021, the Austrian optical telescope market decreased by -24% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a abrupt decrease. Optical telescope consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Optical Telescope Production in Austria

In value terms, optical telescope production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29% against the previous year. Optical telescope production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Optical Telescope Exports

Exports from Austria

Optical telescope exports from Austria contracted markedly to X units in 2021, declining by -35.4% against the previous year's figure. Overall, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. As a result, the exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, optical telescope exports reduced sharply to $X in 2021. Over the period under review, exports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Germany (X units), the United States (X units) and Spain (X units) were the main destinations of optical telescope exports from Austria, together accounting for 52% of total exports. China, Sweden, the UK, France, Switzerland, the Netherlands, Italy, Denmark and the Czech Republic lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Spain ($X) appeared to be the largest markets for optical telescope exported from Austria worldwide, together accounting for 51% of total exports. These countries were followed by Sweden, France, the UK, Switzerland, the Netherlands, China, Italy, Denmark and the Czech Republic, which together accounted for a further 37%.

China, with a CAGR of +68.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average optical telescope export price amounted to $X per unit, picking up by 20% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 64% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to China ($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 the Czech Republic (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into Austria

In 2021, after three years of growth, there was significant decline in supplies from abroad of optical telescopes, when their volume decreased by -57.4% to X units. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 76% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, optical telescope imports reduced notably to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.0% against 2014 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 53% against the previous year. Imports peaked at $X in 2020, and then shrank markedly in the following year.

Imports by Country

Hungary (X units), Germany (X units) and China (X units) were the main suppliers of optical telescope imports to Austria, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +60.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical telescope suppliers to Austria were China ($X), Germany ($X) and Belarus ($X), together accounting for 57% of total imports. These countries were followed by Hungary, Lithuania, Poland, the United States, Belgium, France, Italy, the UK and Spain, which together accounted for a further 30%.

Spain, with a CAGR of +68.2%, 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 more modest paces of growth.

Import Prices by Country

The average optical telescope import price stood at $X per unit in 2021, rising by 82% against the previous year. In general, the import price saw a significant increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 95%. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+56.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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