Italy: Binocular Market 2025

Binocular Market Size in Italy

After two years of decline, the Italian binocular market increased by 23% to $X in 2021. In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Binocular Production in Italy

In value terms, binocular production expanded notably to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 84% against the previous year. Binocular production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Binocular Exports

Exports from Italy

In 2021, after two years of growth, there was significant decline in shipments abroad of binoculars, when their volume decreased by -12.1% to X units. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 225% 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 contracted modestly to $X in 2021. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 321% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of binocular exports from Italy, with a combined 38% share of total exports. The Netherlands, the United States, the Czech Republic, Russia, the UK, Croatia, Slovenia, Greece, Israel and Austria lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +47.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) constituted the largest markets for binocular exported from Italy worldwide, together accounting for 41% of total exports. These countries were followed by Spain, the Czech Republic, the Netherlands, the UK, Russia, Austria, Greece, Croatia, Slovenia and Israel, which together accounted for a further 40%.

Among the main countries of destination, the Czech Republic, with a CAGR of +45.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, growing by 12% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular export price increased by +39.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Israel ($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 France (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Binocular Imports

Imports into Italy

In 2021, the amount of binoculars imported into Italy soared to X units, surging by 29% on the previous year's figure. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.2% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 60%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, binocular imports soared to $X in 2021. In general, imports showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 328%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Spain (X units) were the main suppliers of binocular imports to Italy, together accounting for 75% of total imports. France, the Netherlands, Germany, Poland and Austria lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +114.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of binoculars to Italy, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +67.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and the Netherlands (+7.4% per year).

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, increasing by 77% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 188% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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