Hong Kong SAR, China: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in Hong Kong SAR, China

The Hong Kong optical fiber and bundle market declined sharply to $X in 2022, reducing by -52.8% against the previous year. Overall, consumption recorded a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Optical Fibers and Bundles in Hong Kong SAR, China

In value terms, optical fiber and bundle production fell significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Optical Fibers and Bundles

Exports from Hong Kong SAR, China

In 2022, the amount of optical fibers and bundles exported from Hong Kong SAR dropped slightly to X tons, which is down by -4.1% against the previous year's figure. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, optical fiber and bundle exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for optical fiber and bundle exports from Hong Kong SAR, accounting for a 46% share of total exports. Moreover, optical fiber and bundle exports to China exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+39.4% per year) and Indonesia (+61.3% per year).

In value terms, China ($X) remains the key foreign market for optical fibers and bundles exports from Hong Kong SAR, comprising 71% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.9% share of total exports. It was followed by Indonesia, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+16.5% per year) and Indonesia (+72.7% per year).

Export Prices by Country

In 2022, the average optical fiber and bundle export price amounted to $X per ton, declining by -15.5% against the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($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 China (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into Hong Kong SAR, China

In 2022, the amount of optical fibers and bundles imported into Hong Kong SAR declined significantly to X tons, waning by -36.5% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 69% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, optical fiber and bundle imports declined remarkably to $X in 2022. Overall, imports recorded a mild decline. The most prominent rate of growth was recorded in 2016 when imports increased by 60% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber and bundle to Hong Kong SAR, accounting for a 82% share of total imports. Moreover, optical fiber and bundle imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and South Korea (+35.4% per year).

In value terms, the largest optical fiber and bundle suppliers to Hong Kong SAR were the United States ($X), China ($X) and Thailand ($X), with a combined 77% share of total imports.

Thailand, with a CAGR of +69.9%, recorded the highest rates of growth with regard to 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, increasing by 31% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :