Eastern Asia: Binocular Market 2025

Binocular Market Size in Eastern Asia

In 2021, after four years of growth, there was significant decline in the East Asian binocular market, when its value decreased by -25.4% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then plummeted in the following year.

Binocular Production in Eastern Asia

In value terms, binocular production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 23%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Binocular Exports

Exports in Eastern Asia

In 2021, binocular exports in Eastern Asia soared to X units, with an increase of 29% against the previous year. In general, exports, however, continue to indicate a deep contraction. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, binocular exports soared to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 93% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), mixing up a 6.1% share of total exports.

China was also the fastest-growing in terms of the binoculars exports, with a CAGR of -5.2% from 2012 to 2021. Hong Kong SAR (-6.8%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest binocular supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.8%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with an increase of 18% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular export price increased by +88.1% against 2013 indices. The pace of growth appeared the most rapid in 2014 an increase of 19% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.5%).

Binocular Imports

Imports in Eastern Asia

In 2021, approx. X units of binoculars were imported in Eastern Asia; surging by 10% against the previous year's figure. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 33%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, binocular imports soared to $X in 2021. Over the period under review, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2019 with an increase of 58%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units) and Hong Kong SAR (X units) prevails in imports structure, together achieving 90% of total imports. It was distantly followed by South Korea (X units), mixing up a 7.7% share of total imports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of -0.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported binoculars in Eastern Asia, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 29% share of total imports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR amounted to -2.2%. In the other countries, the average annual rates were as follows: Japan (-1.1% per year) and South Korea (+1.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, picking up by 18% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular import price increased by +58.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 19% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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