In 2023, the import value of parts and accessories for binoculars and telescopes to China stood at an estimated 3.6311 million US dollars. Forecasts from 2024 to 2028 indicate a steady decline in import values, with compound annual growth rate (CAGR) estimated at -6.04% over the five-year period. Year-on-year, the data predicts decreases of around 6.1% to 7.6% annually through 2028.
Future trends to watch for:
- Potential shifts in global sourcing and supply chains impacting the pricing and availability of imports.
- Technological advancements or changes in consumer preferences affecting demand for binoculars and telescope parts.
- Trade policy changes, particularly between China and supplying countries, which could influence import levels.