New Zealand: Optical Telescope Market 2024

Optical Telescope Market Size in New Zealand

The New Zealand optical telescope market surged to $X in 2021, increasing by 102% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a moderate increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Optical Telescope Exports

Exports from New Zealand

In 2021, exports of optical telescopes from New Zealand soared to X units, growing by 83% against the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 392%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, optical telescope exports soared to $X in 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 401%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), the UK (X units) and Lithuania (X units) were the main destinations of optical telescope exports from New Zealand, together comprising 87% of total exports. These countries were followed by the United Arab Emirates, Hong Kong SAR, the United States and Austria, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the UK ($X) and Lithuania ($X) appeared to be the largest markets for optical telescope exported from New Zealand worldwide, with a combined 91% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +93.6%, 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

The average optical telescope export price stood at $X per unit in 2021, surging by 1.6% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, optical telescope export price increased by +17.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 71% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($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 Australia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into New Zealand

In 2021, purchases abroad of optical telescopes increased by 108% to X units, rising for the third consecutive year after two years of decline. Overall, imports posted perceptible growth. As a result, imports attained 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 showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 334%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of optical telescope to New Zealand, accounting for a 67% share of total imports. Moreover, optical telescope imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+20.5% per year) and the United States (-19.4% per year).

In value terms, the UK ($X), China ($X) and Lithuania ($X) constituted the largest optical telescope suppliers to New Zealand, together accounting for 64% of total imports. The United States, Australia, Sweden, Taiwan (Chinese), Germany and France lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +109.3%, 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 optical telescope import price amounted to $X per unit, with a decrease of -7.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 161% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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