MENA: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in MENA

The MENA's optical fiber cables market reduced to $X in 2022, which is down by -3.4% against the previous year. In general, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Optical Fiber Cables Production in MENA

In value terms, optical fiber cables production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 89%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Optical Fiber Cables Exports

Exports in MENA

Optical fiber cables exports soared to X tons in 2022, picking up by 20% on 2021 figures. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 85% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, optical fiber cables exports surged to $X in 2022. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 45%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Turkey (X tons), distantly followed by Morocco (X tons), Israel (X tons), Saudi Arabia (X tons) and Tunisia (X tons) were the major exporters of optical fiber cables, together constituting 94% of total exports. The following exporters - the United Arab Emirates (X tons) and Oman (X tons) - together made up 5.2% of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +95.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber cables supplying countries in MENA were Morocco ($X), Turkey ($X) and Israel ($X), with a combined 75% share of total exports.

Morocco, with a CAGR of +100.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+2.8%), while the other leaders experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports in MENA

Optical fiber cables imports reduced to X tons in 2022, remaining constant against the previous year. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, optical fiber cables imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Israel (X tons), Saudi Arabia (X tons), Morocco (X tons), Egypt (X tons), Turkey (X tons), Iraq (X tons), Oman (X tons), Bahrain (X tons), Algeria (X tons), Jordan (X tons) and Tunisia (X tons) represented roughly 92% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Egypt (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined 50% share of total imports. These countries were followed by Turkey, Morocco, Egypt, Tunisia, Iraq, Oman, Algeria, Jordan and Bahrain, which together accounted for a further 42%.

Among the main importing countries, Egypt, with a CAGR of +27.6%, 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 import price in MENA amounted to $X per ton, shrinking by -2.3% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform