Philippines: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in the Philippines

The Philippine market for optical fibers, bundles and cables reduced modestly to $X in 2022, declining by X% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Optical fiber, bundle and cable consumption peaked at $X in 2021, and then reduced slightly in the following year.

Production of Optical Fibers, Bundles and Cables in the Philippines

In value terms, optical fiber, bundle and cable production declined to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from the Philippines

In 2022, the amount of optical fibers, bundles and cables exported from the Philippines declined modestly to X tons, remaining stable against the year before. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, optical fiber, bundle and cable exports surged to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for optical fiber, bundle and cable exports from the Philippines, accounting for a X% share of total exports. Moreover, optical fiber, bundle and cable exports to Japan exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, Hong Kong SAR ($X), the United States ($X) and Japan ($X) constituted the largest markets for optical fiber, bundle and cable exported from the Philippines worldwide, with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

Imports of Optical Fibers, Bundles and Cables

Imports into the Philippines

In 2022, after six years of growth, there was significant decline in overseas purchases of optical fibers, bundles and cables, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, optical fiber, bundle and cable imports totaled $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest optical fiber, bundle and cable supplier to the Philippines, accounting for a X% share of total imports. Moreover, optical fiber, bundle and cable imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Myanmar (X% per year).

In value terms, China ($X) constituted the largest supplier of optical fibers, bundles and cables to the Philippines, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Myanmar (X% per year).

Import Prices by Country

The average import price for optical fibers, bundles and cables stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Norway ($X per ton), while the price for Myanmar ($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 mixed trend patterns.

Source: IndexBox Platform

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