Greece: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in Greece

In 2022, the Greek optical fiber and bundle market increased by 1.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed buoyant growth. Optical fiber and bundle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Optical Fibers and Bundles

Exports from Greece

In 2022, optical fiber and bundle exports from Greece skyrocketed to X tons, with an increase of 119% on 2021 figures. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 20,538% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, optical fiber and bundle exports surged to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 19,447% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for optical fiber and bundle exports from Greece, with a 87% share of total exports. Moreover, optical fiber and bundle exports to Cyprus exceeded the volume sent to the second major destination, Austria (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus amounted to +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+78.9% per year) and Germany (+19.4% per year).

In value terms, Cyprus ($X) remains the key foreign market for optical fibers and bundles exports from Greece, comprising 82% of total exports. The second position in the ranking was held by Austria ($X), with a 10% share of total exports. It was followed by Germany, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+98.8% per year) and Germany (+12.7% per year).

Export Prices by Country

In 2022, the average optical fiber and bundle export price amounted to $X per ton, waning by -35.7% against the previous year. Over the period under review, the export price saw a mild setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,586%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria ($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 the Netherlands (+899.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into Greece

After two years of growth, supplies from abroad of optical fibers and bundles decreased by -0.8% to X tons in 2022. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 88%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, optical fiber and bundle imports reached $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), China (X tons) and South Korea (X tons) were the main suppliers of optical fiber and bundle imports to Greece, with a combined 66% share of total imports. France, Hong Kong SAR, Poland, Bulgaria, India, the United States and Japan lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +99.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and South Korea ($X) appeared to be the largest optical fiber and bundle suppliers to Greece, together accounting for 67% of total imports. Hong Kong SAR, Poland, France, India, Bulgaria, the United States and Japan lagged somewhat behind, together comprising a further 18%.

Poland, with a CAGR of +101.1%, saw the highest growth rate of the value of imports, in terms of 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 and bundle import price amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33%. Over the period under review, average import prices hit record highs 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for France ($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 (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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