Russian Federation: Optical Telescope Market 2024

Optical Telescope Market Size in the Russian Federation

The Russian optical telescope market rose sharply to $X in 2021, surging by 7.1% against the previous year. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Optical Telescope Production in the Russian Federation

In value terms, optical telescope production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports from the Russian Federation

In 2021, approx. X units of optical telescopes were exported from Russia; with an increase of 260% on 2020. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 325% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, optical telescope exports surged to $X in 2021. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X units) was the main destination for optical telescope exports from Russia, with a 40% share of total exports. Moreover, optical telescope exports to Uganda exceeded the volume sent to the second major destination, South Africa (X units), threefold. The third position in this ranking was taken by Uzbekistan (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda stood at +261.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+263.8% per year) and Uzbekistan (+30.1% per year).

In value terms, Algeria ($X) emerged as the key foreign market for optical telescope exports from Russia, comprising 62% of total exports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total exports. It was followed by Uzbekistan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Algeria totaled +58.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+174.0% per year) and Uzbekistan (+17.9% per year).

Export Prices by Country

The average optical telescope export price stood at $X per unit in 2021, jumping by 119% against the previous year. Overall, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per unit), while the average price for exports to the United States ($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 (+59.6%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Telescope Imports

Imports into the Russian Federation

In 2021, the amount of optical telescopes imported into Russia surged to X units, rising by 145% on the year before. Over the period under review, imports saw mild growth. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, optical telescope imports surged to $X in 2021. In general, imports, however, saw a perceptible decline. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main optical telescope supplier to Russia, with a 94% share of total imports. It was followed by Germany (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.2% per year) and Belarus (-6.0% per year).

In value terms, China ($X) constituted the largest supplier of optical telescope to Russia, comprising 76% of total imports. The second position in the ranking was held by Belarus ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+5.3% per year) and Germany (-31.6% per year).

Import Prices by Country

In 2021, the average optical telescope import price amounted to $X per unit, with a decrease of -21.9% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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