Asia: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Asia

The Asian market for optical fibers, bundles and cables fell to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Optical Fibers, Bundles and Cables in Asia

In value terms, optical fiber, bundle and cable production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible increase 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports in Asia

For the eleventh consecutive year, Asia recorded growth in overseas shipments of optical fibers, bundles and cables, which increased by X% to X tons in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, optical fiber, bundle and cable exports soared to $X in 2022. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together took near X% share of total exports. The following exporters - Japan (X tons), South Korea (X tons) and Hong Kong SAR (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to optical fiber, bundle and cable exports from China stood at X%. At the same time, Vietnam (X%), Hong Kong SAR (X%), India (X%) and Japan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest optical fiber, bundle and cable supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Imports of Optical Fibers, Bundles and Cables

Imports in Asia

In 2022, purchases abroad of optical fibers, bundles and cables increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a remarkable increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, optical fiber, bundle and cable imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

The Philippines (X tons) and Indonesia (X tons) were the main importers of optical fibers, bundles and cables in 2022, amounting to near X% and X% of total imports, respectively. It was distantly followed by Hong Kong SAR (X tons), Malaysia (X tons), Thailand (X tons) and Singapore (X tons), together making up a X% share of total imports. The United Arab Emirates (X tons), Myanmar (X tons), Saudi Arabia (X tons), India (X tons), Israel (X tons), Azerbaijan (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber, bundle and cable importing markets in Asia were the Philippines ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 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 India ($X per ton), while Myanmar ($X per ton) 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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