China: Optical Telescope Market 2024

Optical Telescope Market Size in China

In 2023, the Chinese optical telescope market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a noticeable expansion. Optical telescope consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Optical Telescope Production in China

In value terms, optical telescope production contracted modestly to $X in 2023 estimated in export price. In general, the total production indicated a notable 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Optical telescope production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Optical Telescope Exports

Exports from China

In 2023, shipments abroad of optical telescopes decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, total exports indicated a mild expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, optical telescope exports declined slightly to $X in 2023. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for optical telescope exports from China, with a X% share of total exports. Moreover, optical telescope exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for optical telescopes exports from China, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Turkey (X% per year).

Export Prices by Country

The average optical telescope export price stood at $X per unit in 2023, picking up by X% against the previous year. Overall, export price indicated a resilient expansion 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 export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into China

In 2023, purchases abroad of optical telescopes decreased by X% to X units for the first time since 2017, thus ending a five-year rising trend. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2022, and then shrank in the following year.

In value terms, optical telescope imports soared to $X in 2023. In general, imports, however, recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Japan (X units) constituted the largest supplier of optical telescope to China, accounting for a X% share of total imports. Moreover, optical telescope imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Austria (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Austria (X% per year).

In value terms, the largest optical telescope suppliers to China were Austria ($X), the United States ($X) and Japan ($X), with a combined X% share of total imports. Germany, Taiwan (Chinese), Portugal, the UK, India, Hungary and Myanmar lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average optical telescope import price amounted to $X per unit, jumping by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2023: its price 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, optical telescope import price increased by X% against 2020 indices. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform