Latvia: Market for Optical Fibers, Bundles and Cables 2025

Market Size for Optical Fibers, Bundles and Cables in Latvia

The Latvian market for optical fibers, bundles and cables reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Optical Fibers, Bundles and Cables in Latvia

In value terms, optical fiber, bundle and cable production reduced to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Optical fiber, bundle and cable production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Optical Fibers, Bundles and Cables

Exports from Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of optical fibers, bundles and cables, which increased by X% to X tons in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, optical fiber, bundle and cable exports soared to $X in 2022. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X% 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

Germany (X tons), Russia (X tons) and France (X tons) were the main destinations of optical fiber, bundle and cable exports from Latvia, with a combined X% share of total exports. The Netherlands, Ireland, the United States, Israel, Japan, Lithuania, Estonia, the Czech Republic, China and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for optical fiber, bundle and cable exported from Latvia worldwide, with a combined X% share of total exports. China, Ireland, Israel, the Netherlands, the Czech Republic, the UK, Japan, Russia, Lithuania and Estonia lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for optical fibers, bundles and cables stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X,663 per ton), while the average price for exports to Estonia ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers, Bundles and Cables

Imports into Latvia

In 2022, approx. X tons of optical fibers, bundles and cables were imported into Latvia; increasing by X% compared with the previous year. Over the period under review, imports, however, recorded a slight descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, optical fiber, bundle and cable imports soared to $X in 2022. Overall, imports enjoyed slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Cyprus (X tons), Finland (X tons) and China (X tons) were the main suppliers of optical fiber, bundle and cable imports to Latvia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of X,533.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and China ($X) were the largest optical fiber, bundle and cable suppliers to Latvia, with a combined X% share of total imports. Poland, Cyprus, Lithuania, Hungary, Spain, France and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Cyprus, with a CAGR of X,100.0%, saw the highest growth rate of 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, remaining constant against the previous year. Over the period under review, import price indicated a noticeable increase 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 import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 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 Lithuania ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform