Scandinavia: Binocular Market 2025

Binocular Exports

Exports in Scandinavia

In 2021, the amount of binoculars exported in Scandinavia soared to X units, increasing by 34% on 2020 figures. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 84% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, binocular exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 47%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Sweden was the key exporter of binoculars in Scandinavia, with the volume of exports amounting to X units, which was near 65% of total exports in 2021. Denmark (X units) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Norway (6.6%). Finland (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to binocular exports from Sweden stood at +8.6%. At the same time, Finland (+23.2%) and Denmark (+7.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +23.2% from 2012-2021. Norway experienced a relatively flat trend pattern. Sweden (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest binocular supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 94% share of total exports.

Finland, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 2.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the other leaders experienced a decline in the export price figures.

Binocular Imports

Imports in Scandinavia

In 2021, binocular imports in Scandinavia soared to X units, with an increase of 23% on the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, binocular imports rose significantly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 36%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X units) was the largest importer of binoculars, achieving 46% of total imports. Denmark (X units) ranks second in terms of the total imports with a 23% share, followed by Norway (18%) and Finland (13%).

Sweden was also the fastest-growing in terms of the binoculars imports, with a CAGR of +4.9% from 2012 to 2021. At the same time, Denmark (+4.2%) and Norway (+1.8%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. While the share of Sweden (+6.1 p.p.) and Denmark (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-2.3 p.p.) and Finland (-5.2 p.p.) displayed negative dynamics.

In value terms, the largest binocular importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 89% share of total imports.

Among the main importing countries, Denmark, with a CAGR of +6.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, which is down by -10.2% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 when the import price increased by 33%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform