Global Binocular Market 2025

Binocular Market Size

In 2021, after three years of growth, there was decline in the global binocular market, when its value decreased by -2.6% to $X. The market value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Binocular Production

In value terms, binocular production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 10,899% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Binocular Exports

Exports

In 2021, overseas shipments of binoculars were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a pronounced setback. The global exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, binocular exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the global exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 77% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), committing a 5% share of total exports. Germany (X units), the United States (X units) and Belgium (X units) held a minor share of total exports.

Exports from China decreased at an average annual rate of -5.2% from 2012 to 2021. At the same time, Belgium (+5.5%) and the United States (+3.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.5% from 2012-2021. By contrast, Germany (-6.0%) and Hong Kong SAR (-6.8%) illustrated a downward trend over the same period. While the share of China (-4.5 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest binocular supplier worldwide, comprising 31% of global exports. The second position in the ranking was held by the United States ($X), with a 13% share of global exports. It was followed by Germany, with an 11% share.

In China, binocular exports expanded at an average annual rate of +3.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+8.6% per year) and Germany (+0.9% per year).

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, surging by 3.4% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular export price increased by +11.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29%. The global export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the other global leaders experienced more modest paces of growth.

Binocular Imports

Imports

In 2021, purchases abroad of binoculars increased by 27% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable shrinkage. Over the period under review, global imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, binocular imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importer of binoculars in the world, with the volume of imports recording X units, which was approx. 29% of total imports in 2021. Germany (X units) took the second position in the ranking, followed by Japan (X units) and Hong Kong SAR (X units). All these countries together took near 19% share of total imports. The UK (X units), France (X units), the Netherlands (X units), Belgium (X units), Canada (X units), Poland (X units), Russia (X units), Austria (X units) and Indonesia (X units) followed a long way behind the leaders.

Imports into the United States decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Indonesia (+31.6%), Poland (+13.1%), Belgium (+6.6%) and Austria (+5.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +31.6% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, France (-2.3%), the Netherlands (-3.5%), Russia (-4.5%), the UK (-5.2%), Germany (-6.3%), Japan (-6.5%) and Hong Kong SAR (-9.7%) illustrated a downward trend over the same period. The United States (+3.4 p.p.), Belgium (+2.1 p.p.), Poland (+2 p.p.) and Indonesia (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR saw its share reduced by -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported binoculars worldwide, comprising 29% of global imports. The second position in the ranking was taken by Germany ($X), with a 10% share of global imports. It was followed by Hong Kong SAR, with a 6.7% share.

In the United States, binocular imports increased at an average annual rate of +3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+4.0% per year) and Hong Kong SAR (-2.2% per year).

Import Prices by Country

The average binocular import price stood at $X per unit in 2021, waning by -1.9% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price 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, binocular import price increased by +58.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then fell modestly in the following year.

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 Austria ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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