Canada: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Canada

The Canadian market for optical fibers, bundles and cables rose rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; afterwards, it flattened through to 2022.

Production of Optical Fibers, Bundles and Cables in Canada

In value terms, optical fiber, bundle and cable production dropped to $X in 2022 estimated in export price. Overall, production recorded a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of X%. Optical fiber, bundle and cable production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Optical Fibers, Bundles and Cables

Exports from Canada

In 2022, shipments abroad of optical fibers, bundles and cables was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a perceptible expansion 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber, bundle and cable exports stood at $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for optical fiber, bundle and cable exports from Canada, accounting for a X% share of total exports. Moreover, optical fiber, bundle and cable exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for optical fibers, bundles and cables exports from Canada, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for optical fibers, bundles and cables stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers, Bundles and Cables

Imports into Canada

For the fourth year in a row, Canada recorded growth in supplies from abroad of optical fibers, bundles and cables, which increased by X% to X tons in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, optical fiber, bundle and cable imports soared to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of optical fiber, bundle and cable imports to Canada, with a combined X% share of total imports. Romania, South Korea, France and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (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 suppliers to Canada were the United States ($X), Mexico ($X) and China ($X), with a combined X% share of total imports. Romania, Japan, France and South Korea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for optical fibers, bundles and cables stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for Romania ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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