Romania: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Romania

In 2022, the Romanian optical fiber cables market decreased by -30.7% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a pronounced reduction. Optical fiber cables consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Optical Fiber Cables Production in Romania

In value terms, optical fiber cables production rose modestly to $X in 2022 estimated in export price. In general, production, however, saw a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Optical fiber cables production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Optical Fiber Cables Exports

Exports from Romania

For the eleventh year in a row, Romania recorded growth in shipments abroad of optical fiber cables, which increased by 0.8% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 187% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, optical fiber cables exports stood at $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 105% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for optical fiber cables exports from Romania, with a 38% share of total exports. Moreover, optical fiber cables exports to France exceeded the volume sent to the second major destination, Canada (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+234.2% per year) and the Netherlands (+95.0% per year).

In value terms, France ($X) remains the key foreign market for optical fiber cables exports from Romania, comprising 36% of total exports. The second position in the ranking was held by Canada ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +78.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+383.2% per year) and the Netherlands (+61.8% per year).

Export Prices by Country

The average optical fiber cables export price stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 66%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Canada (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Romania

In 2022, approx. X tons of optical fiber cables were imported into Romania; waning by -45.5% compared with 2021 figures. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, optical fiber cables imports shrank to $X in 2022. Overall, imports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of 49%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber cables to Romania, accounting for a 33% share of total imports. Moreover, optical fiber cables imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.1% per year) and India (+19.3% per year).

In value terms, the largest optical fiber cables suppliers to Romania were China ($X), Germany ($X) and Spain ($X), with a combined 46% share of total imports. These countries were followed by France, Austria, Poland, the Netherlands, India, Turkey, Hungary, Indonesia and Belgium, which together accounted for a further 32%.

Indonesia, with a CAGR of +3,772.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, surging by 65% against the previous year. In general, the import price, however, showed a noticeable downturn. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :