Global Optical Telescope Market 2025

Optical Telescope Market Size

In 2021, the global optical telescope market increased by 20% to $X, rising for the third year in a row after six years of decline. In general, consumption, however, showed a deep setback. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Optical Telescope Production

In value terms, optical telescope production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The growth pace was the most rapid in 2019 when the production volume increased by 14% against the previous year. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Optical Telescope Exports

Exports

Global optical telescope exports skyrocketed to X units in 2021, with an increase of 51% on the year before. In general, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 +70.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Over the period under review, the global exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 81% of total exports in 2021. Germany (X units), the United States (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, the United States (+6.3%) and Germany (+5.3%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.3% from 2012-2021. By contrast, Hong Kong SAR (-4.3%) illustrated a downward trend over the same period. While the share of China (+8.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Hong Kong SAR (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest optical telescope supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by the United States ($X), with a 9% share of global exports. It was followed by Germany, with a 4.9% share.

In China, optical telescope exports increased at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (-0.9% per year) and Germany (+3.3% per year).

Export Prices by Country

The average optical telescope export price stood at $X per unit in 2021, dropping by -11.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2019 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Hong Kong SAR ($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 (+5.8%), while the other global leaders experienced a decline in the export price figures.

Optical Telescope Imports

Imports

In 2021, supplies from abroad of optical telescopes increased by 66% to X units, rising for the second consecutive year after seven years of decline. In general, imports, however, showed a perceptible reduction. Global imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, optical telescope imports surged to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importer of optical telescopes in the world, with the volume of imports amounting to X units, which was near 30% of total imports in 2021. Germany (X units) ranks second in terms of the total imports with a 10% share, followed by the UK (7%). Algeria (X units), the Netherlands (X units), Brazil (X units), France (X units), India (X units), Nigeria (X units), Canada (X units), Japan (X units), Poland (X units) and South Korea (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Brazil (+51.3%), Nigeria (+29.2%), Algeria (+29.1%), the Netherlands (+16.9%), South Korea (+14.3%), India (+13.5%), Poland (+7.3%), Germany (+4.5%), Canada (+3.1%) and France (+3.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +51.3% from 2012-2021. By contrast, the UK (-1.9%) and Japan (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Germany, Algeria, Brazil, the Netherlands, India and Nigeria increased by +16, +4.9, +3.2, +3.2, +2.8, +2.3 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported optical telescopes worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of global imports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +5.9%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and the UK (+1.4% per year).

Import Prices by Country

The average optical telescope import price stood at $X per unit in 2021, declining by -14.1% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 102% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+19.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :