In 2021, the average binocular export price amounted to $X per unit, with an increase of 1.9% against the previous year. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.7% per year) and the Netherlands (-18.2% per year). It was followed by the Netherlands, with a 3.6% share.įrom 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -1.6%. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. In value terms, the United States ($X) remains the key foreign market for binocular exports from Japan, comprising 58% of total exports. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.8% per year) and Saudi Arabia (-9.6% per year). The third position in this ranking was taken by Saudi Arabia (X units), with a 7.5% share.įrom 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Moreover, binocular exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The United States (X units) was the main destination for binocular exports from Japan, with a 50% share of total exports. Over the period under review, the exports attained the maximum at $X in 2012 however, from 2013 to 2021, the exports stood at a somewhat lower figure. In general, exports, however, saw a noticeable descent. In value terms, binocular exports rose notably to $X in 2021. From 2016 to 2021, the growth of the exports remained at a lower figure. As a result, the exports reached the peak of X units. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. Overall, exports, however, continue to indicate a pronounced shrinkage. In 2021, overseas shipments of binoculars increased by 9.1% to X units for the first time since 2018, thus ending a two-year declining trend. Binocular production peaked at $X in 2020, and then contracted in the following year. The pace of growth was the most pronounced in 2019 when the production volume increased by 8,057% against the previous year. Over the period under review, production, however, showed a significant expansion. In value terms, binocular production reduced to $X in 2021 estimated in export price. From 2020 to 2021, the growth of the market failed to regain momentum. As a result, consumption attained the peak level of $X.
Overall, consumption saw a mild contraction. In 2021, the Japanese binocular market decreased by -16.9% to $X, falling for the second year in a row after four years of growth. Japan: Binocular Market 2022 Binocular Market Size in Japan
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