Asia: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Asia

In 2022, the Asian optical fiber cables market decreased by -4.5% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Optical Fiber Cables Production in Asia

In value terms, optical fiber cables production declined modestly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +1.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Optical Fiber Cables Exports

Exports in Asia

In 2022, approx. X tons of optical fiber cables were exported in Asia; growing by 5.9% against 2021 figures. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, optical fiber cables exports rose markedly to $X in 2022. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 81% of total exports in 2022. The following exporters - Japan (X tons), Hong Kong SAR (X tons), South Korea (X tons), Turkey (X tons) and Singapore (X tons) - together made up 13% of total exports.

From 2012 to 2022, average annual rates of growth with regard to optical fiber cables exports from China stood at +17.8%. At the same time, Hong Kong SAR (+20.2%), Turkey (+6.0%), Singapore (+4.9%) and Japan (+3.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.2% from 2012-2022. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. While the share of China (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-1.9 p.p.), Singapore (-2.1 p.p.), Japan (-5.4 p.p.) and South Korea (-14.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest optical fiber cables supplier in Asia, comprising 63% of total exports. The second position in the ranking was taken by Japan ($X), with an 8.1% share of total exports. It was followed by Hong Kong SAR, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +12.8%. In the other countries, the average annual rates were as follows: Japan (+5.1% per year) and Hong Kong SAR (+20.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 2.7% against the previous year. In general, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 5.9% against the previous year. The level of export peaked 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 ($X per ton), while China ($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 (+3.8%), while the other leaders experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports in Asia

After two years of growth, purchases abroad of optical fiber cables decreased by -0.1% to X tons in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +27.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined modestly in the following year.

In value terms, optical fiber cables imports reached $X in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by Singapore (X tons), Indonesia (X tons), Hong Kong SAR (X tons) and Thailand (X tons) represented the key importers of optical fiber cables, together achieving 55% of total imports. The following importers - Malaysia (X tons), the United Arab Emirates (X tons), Israel (X tons), Taiwan (Chinese) (X tons), Myanmar (X tons), Saudi Arabia (X tons), Azerbaijan (X tons) and India (X tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to optical fiber cables imports into the Philippines stood at +19.4%. At the same time, Myanmar (+22.8%), Israel (+17.8%), Azerbaijan (+16.6%), Malaysia (+15.8%), Indonesia (+11.1%), Taiwan (Chinese) (+7.9%), Singapore (+7.4%), India (+6.5%) and Hong Kong SAR (+5.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +22.8% from 2012-2022. The United Arab Emirates and Thailand experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-2.3%) illustrated a downward trend over the same period. While the share of the Philippines (+14 p.p.), Indonesia (+2.4 p.p.), Malaysia (+2.3 p.p.), Myanmar (+1.9 p.p.) and Israel (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-2.1 p.p.), Saudi Arabia (-3.9 p.p.), the United Arab Emirates (-4.7 p.p.) and Thailand (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 35% of total imports.

The Philippines, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, among 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 3.2% against the previous year. Overall, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of 8.6%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :