In 2023, China led the global export of monoculars and telescopes with a significant market share, although it posted a minor 2.3% increase from the previous year. Switzerland and Germany followed, showing strong year-on-year growth of 7.88% and 13.22%, respectively. The United States experienced a decline of 3.62%, while the United Kingdom showed modest growth of 4.4%. Notably, India and Malaysia exhibited impressive rises of 35.7% and 248.53%. Meanwhile, countries like Mexico, Belarus, and Austria registered declines in exports.
Future trends to consider include the technological advancements in optical instruments and increasing consumer interest. The growing significance of nature observation and outdoor activities could boost demand, especially in emerging markets. Additionally, geopolitical tensions and trade relationships may impact the global distribution of these products.
Top countries in Export of Monoculars and Telescopes by Country
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 157,770,000 | 2023 | +2.55% | +2.3% | View data |
2 | 2 Switzerland | 67,262,000 | 2023 | +4.38% | +7.88% | View data |
3 | 3 Germany | 67,021,000 | 2023 | +3.21% | +13.22% | View data |
4 | 4 United States | 44,249,000 | 2023 | -3.71% | -3.62% | View data |
5 | 5 United Kingdom | 43,336,000 | 2023 | +3.64% | +4.4% | View data |
6 | 6 Russia | 27,359,000 | 2023 | +2.37% | +2.23% | View data |
7 | 7 Israel | 18,963,000 | 2023 | +2.75% | +6.87% | View data |
8 | 8 Italy | 13,636,000 | 2023 | +5.38% | +1.46% | View data |
9 | 9 Spain | 9,250,100 | 2023 | +3.83% | +3.7% | View data |
10 | 10 Austria | 8,847,100 | 2023 | -0.015% | -1.13% | View data |