EU: Optical Telescope Market 2024

Optical Telescope Market Size in the EU

In 2021, the EU optical telescope market increased by 19% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, continues to indicate a deep slump. 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 the EU

In value terms, optical telescope production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Optical Telescope Exports

Exports in the EU

In 2021, after three years of growth, there was decline in shipments abroad of optical telescopes, when their volume decreased by -2% to X units. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% 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 +72.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, optical telescope exports rose remarkably to $X in 2021. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 115%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Germany (X units) was the largest exporter of optical telescopes, constituting 38% of total exports. It was distantly followed by the Netherlands (X units), Slovenia (X units), Belgium (X units), France (X units), Hungary (X units) and Poland (X units), together making up a 44% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to optical telescope exports from Germany stood at +5.3%. At the same time, Slovenia (+58.5%), France (+19.5%), Hungary (+17.8%), Poland (+16.1%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +58.5% from 2012-2021. By contrast, Belgium (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Slovenia, France, Hungary and Poland increased by +7.9, +4.9, +4.4 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest optical telescope supplier in the European Union, comprising 21% of total exports. The second position in the ranking was taken by France ($X), with a 5.5% share of total exports. It was followed by Poland, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: France (+19.7% per year) and Poland (+18.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, increasing by 9% against the previous year. Over the period under review, the export price enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 121% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Optical Telescope Imports

Imports in the EU

In 2021, imports of optical telescopes in the European Union surged to X units, picking up by 64% against the year before. Overall, imports enjoyed a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope imports soared to $X in 2021. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany was the main importer of optical telescopes in the European Union, with the volume of imports accounting for X units, which was approx. 34% of total imports in 2021. The Netherlands (X units) held the second position in the ranking, followed by France (X units), Poland (X units), Spain (X units), Sweden (X units) and Belgium (X units). All these countries together held near 43% share of total imports. The following importers - Italy (X units), Slovenia (X units), the Czech Republic (X units), Bulgaria (X units), Hungary (X units) and Greece (X units) - together made up 16% of total imports.

Imports into Germany increased at an average annual rate of +4.5% from 2012 to 2021. At the same time, Bulgaria (+32.5%), Sweden (+18.8%), Slovenia (+17.5%), the Netherlands (+16.9%), Belgium (+11.9%), the Czech Republic (+11.6%), Poland (+7.3%), Hungary (+3.2%), France (+3.0%) and Italy (+2.1%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +32.5% from 2012-2021. Spain experienced a relatively flat trend pattern. By contrast, Greece (-16.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Sweden, Belgium, Slovenia and Bulgaria increased by +7.2, +3.2, +2.1, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported optical telescopes in the European Union, comprising 26% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by France, with an 8.5% share.

In Germany, optical telescope imports expanded at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+16.8% per year) and France (+7.4% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, with a decrease of -23.1% against the previous year. Overall, the import price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2014 an increase of 96%. Over the period under review, import prices reached the peak figure at $X per unit in 2020, and then declined rapidly 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 Sweden ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+21.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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