Binocular Market
Binocular market: find new statistics empowered by an Ai-driven market intelligence tool. Information cover exports, companies, imports, market prices, trade, consumption, production, and market size. There is a split by region, including China, EU, Africa, Latin America, the U.K., the U.S., Russia, and the Middle East. Market dynamics and outlook to 2030 are also provided in the reports.
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Binocular - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Pakistan |
| 3 | United States |
| 4 | Iran |
| 5 | Italy |
In value terms, China led the market, alone. The second position in the ranking was occupied by Pakistan. It was followed by the United States.
From 2018 to 2020, the average annual rate of growth in terms of value in China totaled +19.0%. The remaining consuming countries recorded the following average annual rates of market growth: Pakistan (-1.6% per year) and the United States (-4.9% per year).
Binocular Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Egypt | 0.9 | 0.8 | 0.7 | -8.9% |
| Spain | 17 | 21 | 29 | 29.7% |
| Hong Kong SAR | 36 | 38 | 45 | 11.5% |
| Netherlands | 45 | 56 | 52 | 8.1% |
| Philippines | 96 | 60 | 57 | -23.3% |
| United Kingdom | 62 | 73 | 59 | -2.6% |
| Poland | 21 | 34 | 59 | 69.2% |
| China | 117 | 75 | 67 | -24.4% |
| Germany | 114 | 108 | 107 | -3.0% |
| Japan | 108 | 96 | 146 | 16.6% |
| France | 155 | 211 | 208 | 16.0% |
| United States | 239 | 230 | 216 | -5.1% |
| Austria | 252 | 172 | 230 | -4.4% |
| Average | 101 | 83 | 90 | -5.3% |
Prices varied noticeably by the country of origin; the country with the highest price was Austria ($230 per unit), while Egypt ($0.7 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Poland (+69.2% per year), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Hong Kong SAR | 27 | 36 | 52 | 38.2% |
| Germany | 38 | 42 | 50 | 14.9% |
| Spain | 19 | 27 | 43 | 49.6% |
| Canada | 33 | 27 | 43 | 12.7% |
| United Kingdom | 35 | 37 | 39 | 6.1% |
| France | 40 | 38 | 38 | -2.0% |
| United States | 31 | 32 | 37 | 9.0% |
| Poland | 39 | 40 | 37 | -2.7% |
| United Arab Emirates | 45 | 62 | 31 | -16.7% |
| Japan | 18 | 19 | 19 | 3.9% |
| Netherlands | 31 | 34 | 19 | -21.0% |
| South Korea | 14 | 11 | 10 | -14.0% |
| Taiwan (Chinese) | 24 | 5.4 | 4.5 | -56.3% |
| Average | 35 | 34 | 39 | 5.6% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($52 per unit), while Taiwan (Chinese) ($4.5 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.
Binocular - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 166 | 167 | 143 | -7.1% |
| Germany | 60 | 62 | 62 | 1.1% |
| Hong Kong SAR | 22 | 49 | 34 | 24.1% |
| United Kingdom | 32 | 32 | 24 | -14.0% |
| Japan | 31 | 41 | 23 | -13.1% |
In value terms, the United States ($143M) constitutes the largest market for imported binoculars worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Germany ($62M), with a 10% share of global imports. It was followed by Hong Kong SAR, with a 5.5% share.
In the United States, binocular imports shrank by an average annual rate of -7.1% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and Hong Kong SAR (+24.1% per year).
Binocular - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 174 | 194 | 172 | -0.6% |
| United States | 169 | 80 | 102 | -22.2% |
| Germany | 77 | 77 | 79 | 1.0% |
| Austria | 54 | 55 | 55 | 0.2% |
| France | 15 | 9.7 | 40 | 63.1% |
In value terms, the largest binocular supplying countries worldwide were China ($172M), the United States ($102M) and Germany ($79M), with a combined 53% share of global exports. These countries were followed by Austria, France, Hong Kong SAR, Japan, the Netherlands, the UK, the Philippines, Poland, Spain and Egypt, which together accounted for a further 33%.
Poland (+142.9% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Binocular - Market Forecast
Driven by increasing demand for binocular worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Binocular - Product Coverage
- HS 900510 - Binoculars
This report provides an in-depth analysis of the global binocular market.
This report provides an in-depth analysis of the binocular market in Eastern Asia.
This report provides an in-depth analysis of the binocular market in Australia and Oceania.
This report provides an in-depth analysis of the binocular market in Africa.
This report provides an in-depth analysis of the binocular market in Southern Asia.
This report provides an in-depth analysis of the binocular market in Northern America.
This report provides an in-depth analysis of the binocular market in Central Asia.
This report provides an in-depth analysis of the binocular market in Latin America and the Caribbean.
This report provides an in-depth analysis of the binocular market in South-Eastern Asia.
This report provides an in-depth analysis of the binocular market in the Middle East.
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