Kuwait: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Kuwait

The Kuwaiti market for optical fibers, bundles and cables rose sharply to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Optical Fibers, Bundles and Cables in Kuwait

In value terms, optical fiber, bundle and cable production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Optical fiber, bundle and cable production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from Kuwait

In 2022, the amount of optical fibers, bundles and cables exported from Kuwait contracted notably to X tons, waning by X% compared with the previous year. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, optical fiber, bundle and cable exports dropped to $X in 2022. In general, exports saw a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for optical fiber, bundle and cable exports from Kuwait, with a X% share of total exports. Moreover, optical fiber, bundle and cable exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Hong Kong SAR (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for optical fibers, bundles and cables exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average export price for optical fibers, bundles and cables amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber, bundle and cable export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Iraq ($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 Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Optical Fibers, Bundles and Cables

Imports into Kuwait

After three years of decline, purchases abroad of optical fibers, bundles and cables increased by X% to X tons in 2022. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, optical fiber, bundle and cable imports expanded sharply to $X in 2022. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest optical fiber, bundle and cable supplier to Kuwait, with a X% share of total imports. Moreover, optical fiber, bundle and cable imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by Oman (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and China ($X) appeared to be the largest optical fiber, bundle and cable suppliers to Kuwait, together accounting for X% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, 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 average import price for optical fibers, bundles and cables amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :