Saudi Arabia: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Saudi Arabia

The Saudi optical fiber cables market declined rapidly to $X in 2022, with a decrease of -17.4% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +16.2% against 2020 indices. Optical fiber cables consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Optical Fiber Cables Production in Saudi Arabia

In value terms, optical fiber cables production contracted modestly to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 359%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Optical Fiber Cables Exports

Exports from Saudi Arabia

In 2022, shipments abroad of optical fiber cables increased by 53% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 893%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber cables exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 777%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons), Oman (X tons) and Kuwait (X tons) were the main destinations of optical fiber cables exports from Saudi Arabia, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical fiber cables exported from Saudi Arabia were Bahrain ($X), Oman ($X) and Kuwait ($X), together accounting for 85% of total exports. These countries were followed by Egypt and the United Arab Emirates, which together accounted for a further 15%.

Egypt, with a CAGR of +62.4%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average optical fiber cables export price amounted to $X per ton, dropping by -15% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Arab Emirates ($X per ton), while the average price for exports to Kuwait ($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 Egypt (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Saudi Arabia

In 2022, purchases abroad of optical fiber cables was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 86%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, optical fiber cables imports soared to $X in 2022. Over the period under review, imports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 51% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber cables to Saudi Arabia, accounting for a 47% share of total imports. Moreover, optical fiber cables imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.1% per year) and Turkey (+22.3% per year).

In value terms, the largest optical fiber cables suppliers to Saudi Arabia were China ($X), the United States ($X) and Turkey ($X), with a combined 53% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +22.0%, recorded the highest rates of growth with regard to 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 optical fiber cables import price amounted to $X per ton, surging by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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