Germany: Binocular Market 2025

Binocular Market Size in Germany

In 2021, the German binocular market increased by 35% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Binocular Production in Germany

In value terms, binocular production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Binocular Exports

Exports from Germany

In 2021, shipments abroad of binoculars increased by 2.4% to X units, rising for the third consecutive year after four years of decline. Overall, exports, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 12% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, binocular exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X units), the Netherlands (X units) and the United States (X units) were the main destinations of binocular exports from Germany, with a combined 34% share of total exports. These countries were followed by the Czech Republic, France, Switzerland, Spain, Austria, Italy, the UK, Belgium, Denmark and Serbia, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +7.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for binoculars exports from Germany, comprising 21% of total exports. The second position in the ranking was taken by France ($X), with a 7% share of total exports. It was followed by the Netherlands, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.7% per year) and the Netherlands (+11.0% per year).

Export Prices by Country

The average binocular export price stood at $X per unit in 2021, increasing by 14% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Serbia ($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 Austria (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Binocular Imports

Imports into Germany

After two years of decline, purchases abroad of binoculars increased by 11% to X units in 2021. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 43%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, binocular imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.0% 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 supplier of binocular to Germany, with a 76% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+73.6% per year) and the Netherlands (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of binoculars to Germany, comprising 43% of total imports. The second position in the ranking was taken by Portugal ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+5.3% per year) and the Netherlands (+15.1% per year).

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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 Portugal ($X per unit), while the price for Hong Kong SAR ($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 (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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