France: Binocular Market 2024

Binocular Market Size in France

The French binocular market soared to $X in 2021, increasing by 47% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Binocular Production in France

In value terms, binocular production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 232%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Binocular Exports

Exports from France

Binocular exports from France declined sharply to X units in 2021, which is down by -32.6% compared with the previous year. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 142%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, binocular exports contracted sharply to $X in 2021. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 81% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units), Spain (X units) and Poland (X units) were the main destinations of binocular exports from France, together comprising 55% of total exports. Belgium, Hungary, Germany, Algeria, Niger, Portugal, Uzbekistan, Romania, Saudi Arabia and Australia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of +72.9%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) remains the key foreign market for binoculars exports from France, comprising 22% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Poland, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Algeria stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-27.9% per year) and Poland (+24.7% per year).

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, reducing by -53.6% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 119% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

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 Algeria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Binocular Imports

Imports into France

After seven years of decline, overseas purchases of binoculars increased by 40% to X units in 2021. Over the period under review, imports, however, continue to indicate a noticeable setback. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, binocular imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest binocular supplier to France, with a 54% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. Spain (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+55.0% per year) and Spain (+47.2% per year).

In value terms, the largest binocular suppliers to France were China ($X), Germany ($X) and the Netherlands ($X), with a combined 64% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +65.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, shrinking by -12% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular import price increased by +78.9% against 2013 indices. The growth pace was the most rapid in 2020 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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