Global Optical Telescope Market 2024

Optical Telescope Market Size

The global optical telescope market expanded markedly to $X in 2023, surging by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Optical Telescope Production

In value terms, optical telescope production contracted to $X in 2023 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, global production growth remained at a somewhat lower figure.

Optical Telescope Exports

Exports

In 2023, overseas shipments of optical telescopes decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the global exports remained at a lower figure.

In value terms, optical telescope exports rose slightly to $X in 2023. Overall, total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The global exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. The following exporters - the United States (X units), Hong Kong SAR (X units), Germany (X units) and the UK (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, the UK (X%) and the United States (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, optical telescope exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average optical telescope export price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, 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 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Optical Telescope Imports

Imports

In 2023, purchases abroad of optical telescopes decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of global imports failed to regain momentum.

In value terms, optical telescope imports expanded significantly to $X in 2023. In general, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

The United States represented the main importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Azerbaijan (X units), Ukraine (X units) and Japan (X units), together committing a X% share of total imports. Germany (X units), India (X units), Canada (X units), the UK (X units), Russia (X units), Hong Kong SAR (X units), the Netherlands (X units), South Korea (X units) and Chile (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to optical telescope imports into the United States stood at X%. At the same time, Azerbaijan (X%), Ukraine (X%), Chile (X%), South Korea (X%), Russia (X%) and Canada (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The UK and the Netherlands experienced a relatively flat trend pattern. By contrast, India (X%), Japan (X%), Hong Kong SAR (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.), Ukraine (X p.p.), Germany (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of India (X p.p.), Japan (X p.p.), Hong Kong SAR (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Ukraine ($X) and the UK ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of global imports. Germany, Russia, the Netherlands, Canada, Japan, South Korea, Hong Kong SAR, Chile, India and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average optical telescope import price stood at $X per unit in 2023, rising by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, optical telescope import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform