New Zealand: Optical Fiber Cables Market 2024

Optical Fiber Cables Exports

Exports from New Zealand

Optical fiber cables exports from New Zealand surged to X tons in 2022, picking up by 72% compared with the previous year. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 156% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, optical fiber cables exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia (X tons) was the main destination for optical fiber cables exports from New Zealand, with a 76% share of total exports. Moreover, optical fiber cables exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+23.5% per year) and the United States (+106.7% per year).

In value terms, Australia ($X) emerged as the key foreign market for optical fiber cables exports from New Zealand, comprising 72% of total exports. The second position in the ranking was held by Fiji ($X), with an 11% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+19.4% per year) and the United States (+91.2% per year).

Export Prices by Country

The average optical fiber cables export price stood at $X per ton in 2022, which is down by -23.3% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price 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, optical fiber cables export price increased by +5.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2021, and then declined rapidly in the following year.

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 the United States ($X per ton), while the average price for exports to Fiji ($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 Vanuatu (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Fiber Cables Imports

Imports into New Zealand

In 2022, approx. X tons of optical fiber cables were imported into New Zealand; with a decrease of -27.2% compared with the previous year. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 38%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, optical fiber cables imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and Sweden (X tons) were the main suppliers of optical fiber cables imports to New Zealand, with a combined 72% share of total imports. These countries were followed by Ireland, South Korea, Thailand, Australia, the UK and the United States, which together accounted for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +21.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of optical fiber cables to New Zealand, comprising 42% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by Thailand, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.4% per year) and Thailand (+33.7% per year).

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, picking up by 26% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber cables import price increased by +162.0% against 2012 indices. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 Sweden ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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