Slovakia: Optical Telescope Market 2025

Optical Telescope Market Size in Slovakia

The Slovak optical telescope market soared to $X in 2021, jumping by 141% 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). Overall, consumption posted temperate growth. Optical telescope consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Optical Telescope Exports

Exports from Slovakia

In 2021, after four years of growth, there was significant decline in shipments abroad of optical telescopes, when their volume decreased by -24.2% to X units. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,158%. The exports peaked at X units in 2020, and then dropped significantly in the following year.

In value terms, optical telescope exports contracted modestly to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 949% against the previous year. The exports peaked at $X in 2020, and then fell modestly in the following year.

Exports by Country

Poland (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of optical telescope exports from Slovakia, with a combined 73% share of total exports. These countries were followed by Hungary, France and Italy, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +75.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Germany ($X) constituted the largest markets for optical telescope exported from Slovakia worldwide, together comprising 86% of total exports. Hungary, Italy and France lagged somewhat behind, together comprising a further 8.1%.

France, with a CAGR of +98.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by 26% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 180%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Hungary ($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 (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into Slovakia

In 2021, supplies from abroad of optical telescopes increased by 40% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 159%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, optical telescope imports expanded significantly to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +95.1% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 38%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest optical telescope supplier to Slovakia, with a 57% share of total imports. Moreover, optical telescope imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic stood at +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and China (-5.3% per year).

In value terms, the largest optical telescope suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Hungary ($X), with a combined 73% share of total imports. These countries were followed by China, Austria, France, Italy and the UK, which together accounted for a further 21%.

Among the main suppliers, Italy, with a CAGR of +143.1%, recorded 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

The average optical telescope import price stood at $X per unit in 2021, which is down by -22.1% against the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2014 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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