Report Update: May 1, 2024

United Kingdom - Optical Telescopes - Market Analysis, Forecast, Size, Trends And Insights

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Optical Telescope Price in the UK - 2023

Optical Telescope Price in the UK (CIF) - 2022

In 2022, the average optical telescope import price amounted to $52 per unit, rising by 6.4% against the previous year. Overall, the import price saw a tangible increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 93%. The import price peaked at $90 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($919 per unit), while the price for China ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Optical Telescope Price in the UK (FOB) - 2022

The average optical telescope export price stood at $363 per unit in 2022, with an increase of 62% against the previous year. Over the period under review, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,782 per unit), while the average price for exports to Norway ($35 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports in the UK

In 2022, overseas purchases of optical telescopes decreased by -11.7% to 628K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 712K units, and then fell in the following year.

In value terms, optical telescope imports fell to $33M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 81%. As a result, imports reached the peak of $48M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Optical Telescope in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	13.6	15.4	17.7	16.1	5.8%
Lithuania	4.8	7.8	7.4	5.2	2.7%
Taiwan (Chinese)	0.1	0.2	0.5	0.5	71.0%
Germany	1.5	1.3	1.0	0.5	-30.7%
Others	6.6	23.4	8.4	10.5	16.7%
Total	26.5	48.0	34.9	32.8	7.4%

Top Suppliers of Optical Telescope to the UK in 2022:

China (582.7K units)
Taiwan (Chinese) (11.5K units)
Lithuania (6.5K units)
Germany (1.8K units)

Optical Telescope Exports in the UK

In 2022, overseas shipments of optical telescopes decreased by -37.4% to 85K units, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, the exports attained the peak of 239K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, optical telescope exports stood at $31M in 2022. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 41%. As a result, the exports attained the peak of $54M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Optical Telescope in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.7	17.3	15.5	18.4	13.2%
Indonesia	0.1	0.1	0.5	2.1	175.9%
Sweden	1.1	1.8	1.3	1.0	-3.1%
Germany	4.5	7.3	1.7	0.8	-43.8%
Ireland	0.7	1.5	1.2	0.7	0.0%
Netherlands	0.5	0.6	0.7	0.5	0.0%
Italy	0.7	0.9	0.4	0.5	-10.6%
France	4.7	5.3	1.9	0.4	-56.0%
Lithuania	0.3	0.6	0.3	0.2	-12.6%
China	0.1	N/A	0.2	0.2	26.0%
Finland	0.3	0.7	0.2	0.2	-12.6%
Belgium	0.4	0.5	0.1	0.2	-20.6%
Norway	0.4	0.5	0.3	0.1	-37.0%
Others	11.8	16.5	6.0	5.3	-23.4%
Total	38.2	53.8	30.2	30.7	-7.0%

Top Export Markets for Optical Telescope from the UK in 2022:

Ireland (10.4K units)
Sweden (10.4K units)
Italy (9.1K units)
Lithuania (6.6K units)
Netherlands (6.4K units)
Indonesia (5.5K units)
Germany (4.1K units)
Norway (4.0K units)
United States (3.9K units)
Belgium (2.8K units)
France (2.1K units)
Finland (2.1K units)
China (1.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the optical telescope market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26702250 - Instruments (excluding binoculars) such as optical telescopes

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023