Eastern Europe: Optical Telescope Market 2024

Optical Telescope Market Size in Eastern Europe

The East European optical telescope market rose sharply to $X in 2021, with an increase of 9.5% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Optical Telescope Production in Eastern Europe

In value terms, optical telescope production fell to $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 7.7% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports in Eastern Europe

Optical telescope exports rose sharply to X units in 2021, increasing by 9.4% compared with the previous year. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 48%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, optical telescope exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 77% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Hungary (X units), Poland (X units), Russia (X units), the Czech Republic (X units), Belarus (X units) and Lithuania (X units) represented roughly 93% of total exports in 2021. Latvia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of +185.1%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Russia ($X) and Latvia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Among the main exporting countries, Latvia, with a CAGR of +168.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, with an increase of 45% against the previous year. Overall, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+25.7%), while the other leaders experienced more modest paces of growth.

Optical Telescope Imports

Imports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in purchases abroad of optical telescopes, which increased by 60% to X units in 2021. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.7% 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 +28.6% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Poland (X units), distantly followed by Russia (X units), the Czech Republic (X units), Bulgaria (X units), Hungary (X units) and Romania (X units) represented the main importers of optical telescopes, together generating 87% of total imports. Moldova (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Moldova (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 45% of total imports. These countries were followed by Romania, Hungary, Bulgaria and Moldova, which together accounted for a further 17%.

Moldova, with a CAGR of +72.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, with a decrease of -25.9% against the previous year. Overall, the import price, however, continues to indicate notable growth. The growth pace was the most rapid in 2014 when the import price increased by 81%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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