Scandinavia: Optical Telescope Market 2025

Optical Telescope Market Size in Scandinavia

The Scandinavia optical telescope market skyrocketed to $X in 2021, rising by 95% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Optical Telescope Production in Scandinavia

In value terms, optical telescope production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 420%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Optical Telescope Exports

Exports in Scandinavia

In 2021, shipments abroad of optical telescopes increased by 67% to X units, rising for the second year in a row after two years of decline. In general, exports showed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope exports surged to $X in 2021. Over the period under review, exports continue to indicate tangible growth. The growth pace was the most rapid in 2020 with an increase of 106%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Sweden (X units) represented the major exporter of optical telescopes, generating 83% of total exports. It was distantly followed by Denmark (X units), committing a 14% share of total exports. The following exporters - Norway (X units) and Finland (X units) - each reached a 3.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to optical telescope exports from Sweden stood at +7.2%. At the same time, Finland (+20.2%) and Norway (+8.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +20.2% from 2012-2021. By contrast, Denmark (-5.2%) illustrated a downward trend over the same period. Sweden (+17 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -19.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest optical telescope supplier in Scandinavia, comprising 61% of total exports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total exports. It was followed by Norway, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +16.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (-2.4% per year) and Norway (-10.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, shrinking by -16.3% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then reduced dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.3%), while the other leaders experienced more modest paces of growth.

Optical Telescope Imports

Imports in Scandinavia

In 2021, overseas purchases of optical telescopes were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, imports recorded a strong expansion. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, optical telescope imports skyrocketed to $X in 2021. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 187% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden represented the main importing country with an import of about X units, which recorded 62% of total imports. It was distantly followed by Denmark (X units), Norway (X units) and Finland (X units), together comprising a 38% share of total imports.

Sweden was also the fastest-growing in terms of the optical telescopes imports, with a CAGR of +18.8% from 2012 to 2021. At the same time, Denmark (+14.3%) and Norway (+1.8%) displayed positive paces of growth. By contrast, Finland (-3.4%) illustrated a downward trend over the same period. While the share of Sweden (+26 p.p.) and Denmark (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-14.6 p.p.) and Norway (-15.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported optical telescopes in Scandinavia, comprising 53% of total imports. The second position in the ranking was held by Denmark ($X), with a 25% share of total imports. It was followed by Norway, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +28.2%. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (+17.9% per year) and Norway (+1.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, waning by -27.9% against the previous year. In general, the import price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2019 an increase of 220% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Sweden (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform