Finland: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Finland

The Finnish optical fiber cables market surged to $X in 2022, picking up by 37% against the previous year. Overall, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Optical Fiber Cables Production in Finland

In value terms, optical fiber cables production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Optical Fiber Cables Exports

Exports from Finland

In 2022, the amount of optical fiber cables exported from Finland fell to X tons, waning by -9.2% against the year before. Overall, exports, however, continue to indicate a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 116%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, optical fiber cables exports fell to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of optical fiber cables exports from Finland, together comprising 53% of total exports. Estonia, Latvia, Lithuania, Switzerland, France, Hong Kong SAR, Iceland, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +111.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Sweden ($X) constituted the largest markets for optical fiber cables exported from Finland worldwide, with a combined 43% share of total exports. Estonia, Hong Kong SAR, Switzerland, Latvia, France, Lithuania, the United Arab Emirates, Russia and Iceland lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +65.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical fiber cables export price stood at $X per ton in 2022, declining by -1.9% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber cables export price increased by +1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 54% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Iceland ($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 Estonia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Finland

In 2022, approx. X tons of optical fiber cables were imported into Finland; with an increase of 22% against the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, optical fiber cables imports stood at $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest optical fiber cables supplier to Finland, with a 25% share of total imports. Moreover, optical fiber cables imports from China exceeded the figures recorded by the second-largest supplier, Estonia (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+8.0% per year) and Spain (-4.2% per year).

In value terms, the largest optical fiber cables suppliers to Finland were Sweden ($X), China ($X) and Estonia ($X), together comprising 42% of total imports. These countries were followed by Spain, Switzerland, Slovakia, Germany, the UK, Turkey and the Netherlands, which together accounted for a further 32%.

Slovakia, with a CAGR of +77.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average optical fiber cables import price amounted to $X per ton, declining by -5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2018 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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