ASEAN: Optical Telescope Market 2024

Optical Telescope Market Size in ASEAN

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

Optical Telescope Production in ASEAN

In value terms, optical telescope production rose modestly to $X in 2022 estimated in export price. In general, production, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Optical Telescope Exports

Exports in ASEAN

Optical telescope exports surged to X units in 2022, increasing by X% on 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, optical telescope exports soared to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Myanmar (X units) was the key exporter of optical telescopes, making up X% of total exports. It was distantly followed by Singapore (X units) and Indonesia (X units), together comprising a X% share of total exports. Thailand (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest optical telescope supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Myanmar ($X), with a combined X% share of total exports.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum 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 Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Optical Telescope Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in supplies from abroad of optical telescopes, which increased by X% to X units in 2022. Over the period under review, imports showed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, optical telescope imports shrank to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia was the key importer of optical telescopes in ASEAN, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Thailand (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%). Singapore (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to optical telescope imports into Indonesia stood at X%. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and the Philippines increased by X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported optical telescopes in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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