Eastern Asia: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Eastern Asia

In 2022, the East Asian optical fiber cables market decreased by -6.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a mild reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Optical Fiber Cables Production in Eastern Asia

In value terms, optical fiber cables production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Optical Fiber Cables Exports

Exports in Eastern Asia

In 2022, exports of optical fiber cables in Eastern Asia was estimated at X tons, growing by 4.3% on 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, optical fiber cables exports expanded markedly to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

China dominates exports structure, reaching X tons, which was near 89% of total exports in 2022. Japan (X tons), Hong Kong SAR (X tons) and South Korea (X tons) took a little share 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%) and Japan (+3.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.2% from 2012-2022. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest optical fiber cables supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was held by Japan ($X), with a 9.7% share of total exports. It was followed by Hong Kong SAR, with a 7.8% share.

In China, optical fiber cables exports expanded at an average annual rate of +12.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+5.1% per year) and Hong Kong SAR (+20.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 2% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2018 when the export price increased by 5.8% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Eastern Asia

In 2022, optical fiber cables imports in Eastern Asia reduced to X tons, with a decrease of -5.9% on 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, optical fiber cables imports reduced to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X tons) was the largest importer of optical fiber cables, achieving 54% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 21% share, followed by South Korea (10%) and China (9.7%). Japan (X tons) followed a long way behind the leaders.

Imports into Hong Kong SAR increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Taiwan (Chinese) (+7.9%), South Korea (+3.9%) and China (+1.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.9% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of Taiwan (Chinese) (+5.9 p.p.) and Hong Kong SAR (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-2.1 p.p.) and China (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest optical fiber cables importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), with a combined 71% share of total imports. Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +8.9%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by -1.6% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by 8.2%. Over the period under review, import prices attained 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 Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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