Egypt: Binocular Market 2025

Binocular Market Size in Egypt

After five years of decline, the Egyptian binocular market increased by 5.9% to $X in 2021. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -35.7% against 2015 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Binocular Production in Egypt

In value terms, binocular production totaled $X in 2021 estimated in export price. Overall, production recorded noticeable growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 90% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Binocular Exports

Exports from Egypt

In 2021, overseas shipments of binoculars decreased by -93.3% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1,400% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, binocular exports contracted rapidly to $X in 2021. Overall, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 955% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for binocular exports from Egypt, with a 28,000% share of total exports. Moreover, binocular exports to Oman exceeded the volume sent to the second major destination, Switzerland (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +418.5%.

In value terms, Oman ($X) remains the key foreign market for binoculars exports from Egypt, comprising 17,505% of total exports. The second position in the ranking was held by Switzerland ($X), with a 3,573% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +604.5%.

Export Prices by Country

The average binocular export price stood at $X per unit in 2021, declining by -39.6% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 117%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Switzerland amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+35.7%), while the prices for the other major destinations experienced mixed trend patterns.

Binocular Imports

Imports into Egypt

In 2021, overseas purchases of binoculars were finally on the rise to reach X units after six years of decline. In general, imports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of 380% 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, binocular imports fell to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 1,964% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of binocular to Egypt, with a 277% share of total imports. It was followed by the United States (X units), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -18.1%.

In value terms, China ($X) constituted the largest supplier of binoculars to Egypt, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -13.9%.

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, waning by -24.4% against the previous year. Overall, the import price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 3,383% against the previous year. The import price peaked at $X per unit in 2020, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+51.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :