EU: Optical Telescope Market 2024

Optical Telescope Market Size in the EU

In 2022, the EU optical telescope market increased by X% to $X, rising for the fourth consecutive year after six years of decline. Overall, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Optical Telescope Production in the EU

In value terms, optical telescope production declined to $X in 2022 estimated in export price. In general, production recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Optical Telescope Exports

Exports in the EU

In 2022, the amount of optical telescopes exported in the European Union soared to X units, increasing by X% on the previous year's figure. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, optical telescope exports reached $X in 2022. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Germany represented the key exporting country with an export of about X units, which finished at X% of total exports. The Netherlands (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Poland (X%), Slovenia (X%) and Belgium (X%). Hungary (X units), the Czech Republic (X units), Italy (X units), Spain (X units), Greece (X units), Sweden (X units) and Austria (X units) took a minor share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Greece (X%), Slovenia (X%), the Czech Republic (X%), France (X%), Poland (X%), Hungary (X%), the Netherlands (X%), Sweden (X%), Austria (X%) and Spain (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of Slovenia (X p.p.), the Netherlands (X p.p.), France (X p.p.), Poland (X p.p.), the Czech Republic (X p.p.), Greece (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest optical telescope supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Optical Telescope Imports

Imports in the EU

For the fourth consecutive year, the European Union recorded growth in purchases abroad of optical telescopes, which increased by X% to X units in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, optical telescope imports reached $X in 2022. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X units) was the largest importer of optical telescopes, making up X% of total imports. The Netherlands (X units) held the second position in the ranking, followed by France (X units), Poland (X units), Spain (X units) and Italy (X units). All these countries together took near X% share of total imports. Bulgaria (X units), the Czech Republic (X units), Belgium (X units), Sweden (X units), Slovenia (X units) and Hungary (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to optical telescope imports into Germany stood at X%. At the same time, Bulgaria (X%), Slovenia (X%), the Netherlands (X%), Poland (X%), the Czech Republic (X%), Sweden (X%), Belgium (X%), Spain (X%), Italy (X%) and France (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. The Netherlands (X p.p.), Poland (X p.p.), Bulgaria (X p.p.) and Slovenia (X p.p.) significantly strengthened its position in terms of the total imports, while France and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Poland ($X) and Sweden ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Sweden, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical telescope import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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