Denmark: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in Denmark

The Danish optical fiber and bundle market reduced dramatically to $X in 2022, waning by -67.3% against the previous year. Overall, consumption showed a drastic downturn. Optical fiber and bundle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Optical Fibers and Bundles in Denmark

In value terms, optical fiber and bundle production totaled $X in 2022 estimated in export price. Overall, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 84%. Optical fiber and bundle production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Optical Fibers and Bundles

Exports from Denmark

In 2022, after two years of decline, there was growth in overseas shipments of optical fibers and bundles, when their volume increased by 3.8% to X tons. Over the period under review, exports saw a modest expansion. The growth pace was the most rapid in 2015 with an increase of 47% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber and bundle exports amounted to $X in 2022. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 71%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), South Africa (X tons) and Germany (X tons) were the main destinations of optical fiber and bundle exports from Denmark, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +132.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for optical fibers and bundles exports from Denmark, comprising 41% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by South Africa, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.0% per year) and South Africa (+100.3% per year).

Export Prices by Country

In 2022, the average optical fiber and bundle export price amounted to $X per ton, which is down by -3.4% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber and bundle export price increased by +32.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($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 Morocco (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into Denmark

In 2022, optical fiber and bundle imports into Denmark declined markedly to X tons, which is down by -54.7% on 2021. Overall, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, optical fiber and bundle imports fell notably to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of optical fiber and bundle to Denmark, with a 87% share of total imports. Moreover, optical fiber and bundle imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and Italy (+56.1% per year).

In value terms, India ($X) constituted the largest supplier of optical fibers and bundles to Denmark, comprising 35% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and the Netherlands (-19.1% per year).

Import Prices by Country

In 2022, the average optical fiber and bundle import price amounted to $X per ton, surging by 83% against the previous year. Overall, the import price, however, faced a deep reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 UK (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :