India: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in India

In 2022, the Indian optical fiber and bundle market decreased by -5.7% to $X, falling for the fourth consecutive year after five years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Optical Fibers and Bundles in India

In value terms, optical fiber and bundle production reached $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 64% against the previous year. 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 India

In 2022, shipments abroad of optical fibers and bundles increased by 44% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, optical fiber and bundle exports soared to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 105%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for optical fiber and bundle exports from India, with a 52% share of total exports. Moreover, optical fiber and bundle exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+16.3% per year) and Germany (+12.5% per year).

In value terms, the United States ($X) remains the key foreign market for optical fibers and bundles exports from India, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+19.7% per year) and Germany (+19.8% per year).

Export Prices by Country

The average optical fiber and bundle export price stood at $X per ton in 2022, increasing by 9.2% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into India

In 2022, overseas purchases of optical fibers and bundles increased by 64% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 170%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, optical fiber and bundle imports surged to $X in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 193%. As a result, imports reached 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 and bundle supplier to India, with a 69% 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), fivefold. Oman (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.8% per year) and Oman (+61.2% per year).

In value terms, China ($X) constituted the largest supplier of optical fibers and bundles to India, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total imports. It was followed by Germany, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Germany (+7.7% per year).

Import Prices by Country

The average optical fiber and bundle import price stood at $X per ton in 2022, picking up by 8.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 48% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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