Europe: Optical Telescope Market 2025

Optical Telescope Market Size in Europe

The Europe optical telescope market skyrocketed to $X in 2021, growing by 17% against the previous year. In general, consumption, however, continues to indicate a deep setback. 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 Europe

In value terms, optical telescope production dropped to $X in 2021 estimated in export price. In general, production faced a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 7.7%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports in Europe

In 2021, after three years of growth, there was significant decline in overseas shipments of optical telescopes, when their volume decreased by -7.1% to X units. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% 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 +48.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, optical telescope exports rose slightly to $X in 2021. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Germany was the largest exporting country with an export of around X units, which resulted at 32% of total exports. It was distantly followed by the UK (X units), the Netherlands (X units), Slovenia (X units), Belgium (X units), France (X units) and Hungary (X units), together comprising a 42% share of total exports. The following exporters - Poland (X units), Russia (X units), the Czech Republic (X units), Belarus (X units), Lithuania (X units) and Sweden (X units) - together made up 18% 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%), the Czech Republic (+18.1%), Hungary (+17.8%), Poland (+16.1%), Sweden (+7.2%), the UK (+5.3%), Lithuania (+3.8%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +58.5% from 2012-2021. By contrast, Russia (-2.2%), Belgium (-5.2%) and Belarus (-12.3%) illustrated a downward trend over the same period. While the share of Slovenia (+6.7 p.p.), Germany (+4.6 p.p.), France (+4.3 p.p.), Hungary (+3.9 p.p.), Poland (+2.8 p.p.) and the Czech Republic (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-1.8 p.p.), Russia (-2.3 p.p.), Belgium (-7.5 p.p.) and Belarus (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X), Russia ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 42% of total exports. These countries were followed by the UK, France, Belarus, Poland, the Netherlands, the Czech Republic, Slovenia, Belgium, Hungary and Sweden, which together accounted for a further 24%.

Slovenia, with a CAGR of +45.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, picking up by 12% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.6% 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 export price decreased by -21.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 73%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Lithuania ($X per unit), while Belgium ($X per unit) was amongst the lowest.

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

Optical Telescope Imports

Imports in Europe

In 2021, overseas purchases of optical telescopes increased by 60% to X units, rising for the third year in a row after five years of decline. Overall, imports enjoyed notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.1% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 36%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units) and the UK (X units) were the largest importers of optical telescopes in 2021, amounting to approx. 26% and 18% of total imports, respectively. The Netherlands (X units) held an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by France (8.1%) and Poland (4.8%). The following importers - Spain (X units), Sweden (X units), Belgium (X units), Italy (X units), Russia (X units), Slovenia (X units), the Czech Republic (X units) and Bulgaria (X units) - together made up 23% 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 Bulgaria (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, together comprising 42% of total imports. France, Sweden, Spain, Poland, Italy, the Czech Republic, Slovenia, Belgium, Russia and Bulgaria lagged somewhat behind, together comprising a further 34%.

Slovenia, with a CAGR of +40.0%, recorded the highest growth rate of the value of imports, in terms of 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 Europe amounted to $X per unit, reducing by -27.2% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 56%. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then shrank sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+19.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform