Eastern Asia: Optical Telescope Market 2025

Optical Telescope Market Size in Eastern Asia

The East Asian optical telescope market dropped slightly to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 when the market value increased by 3.8% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Optical Telescope Production in Eastern Asia

In value terms, optical telescope production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports in Eastern Asia

Optical telescope exports soared to X units in 2021, increasing by 69% compared with the previous year's figure. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope exports soared to $X in 2021. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 97% of total exports in 2021. Hong Kong SAR (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the optical telescopes exports, with a CAGR of +4.7% from 2012 to 2021. Hong Kong SAR (-4.3%) illustrated a downward trend over the same period. While the share of China (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-3.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest optical telescope supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1.5% share of total exports.

In China, optical telescope exports expanded at an average annual rate of +10.7% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, surging by 2.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2019 when the export price increased by 27%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%).

Optical Telescope Imports

Imports in Eastern Asia

In 2021, purchases abroad of optical telescopes was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, optical telescope imports rose modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan (X units) and South Korea (X units) dominates imports structure, together constituting 85% of total imports. Hong Kong SAR (X units) took the next position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together held approx. 14% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +14.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported optical telescopes in Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with an 8.6% share.

In Japan, optical telescope imports expanded at an average annual rate of +4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+7.6% per year) and Hong Kong SAR (-16.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, reducing by -21.9% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, optical telescope import price increased by +40.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 46%. As a result, import price reached the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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