Sweden: Optical Telescope Market 2025

Optical Telescope Market Size in Sweden

In 2021, the Swedish optical telescope market increased by 98% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Optical Telescope Production in Sweden

In value terms, optical telescope production fell dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 420% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Optical Telescope Exports

Exports from Sweden

In 2021, overseas shipments of optical telescopes increased by 77% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope exports skyrocketed to $X in 2021. In general, exports showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Denmark (X units), Norway (X units) and Finland (X units) were the main destinations of optical telescope exports from Sweden, with a combined 90% share of total exports. These countries were followed by Poland, Iceland and the United States, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +93.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical telescope exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), with a combined 89% share of total exports. Poland, Iceland and the United States lagged somewhat behind, together comprising a further 5%.

Poland, with a CAGR of +104.5%, recorded the highest growth rate of 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, declining by -12.7% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, optical telescope export price increased by +34.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 the United States (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into Sweden

In 2021, approx. X units of optical telescopes were imported into Sweden; increasing by 403% against the year before. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 556% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, optical telescope imports soared to $X in 2021. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 594%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Switzerland (X units), China (X units) and the United States (X units) were the main suppliers of optical telescope imports to Sweden, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of optical telescope to Sweden, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by the United States, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland stood at +110.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and the United States (+4.9% per year).

Import Prices by Country

In 2021, the average optical telescope import price amounted to $X per unit, with a decrease of -18.2% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 108% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :