Latin America and the Caribbean: Optical Fiber Cables Market 2025

Optical Fiber Cables Market Size in Latin America and the Caribbean

The Latin American optical fiber cables market declined to $X in 2022, falling by -10.8% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.0% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Optical Fiber Cables Production in Latin America and the Caribbean

In value terms, optical fiber cables production fell to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.3% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 90%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Optical Fiber Cables Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of optical fiber cables increased by 31% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 125%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, optical fiber cables exports surged to $X in 2022. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico dominates exports structure, finishing at X tons, which was near 95% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the optical fiber cables exports, with a CAGR of +21.0% from 2012 to 2022. At the same time, Brazil (+10.5%) displayed positive paces of growth. While the share of Mexico (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-4.3 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest optical fiber cables supplier in Latin America and the Caribbean, comprising 96% of total exports. The second position in the ranking was taken by Brazil ($X), with a 2.8% share of total exports.

In Mexico, optical fiber cables exports expanded at an average annual rate of +14.8% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 8% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.2%).

Optical Fiber Cables Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of optical fiber cables increased by 10% to X tons, rising for the sixth consecutive year after four years of decline. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 59%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, optical fiber cables imports skyrocketed to $X in 2022. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Mexico represented the major importer of optical fiber cables in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was near 43% of total imports in 2022. It was distantly followed by Brazil (X tons), Chile (X tons) and Argentina (X tons), together achieving a 36% share of total imports. The following importers - Colombia (X tons), Peru (X tons) and Ecuador (X tons) - together made up 10% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported optical fiber cables in Latin America and the Caribbean, comprising 63% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.7% share of total imports. It was followed by Argentina, with a 5.3% share.

In Mexico, optical fiber cables imports increased at an average annual rate of +17.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+18.6% per year) and Argentina (+19.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 32% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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