Serbia: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Serbia

The Serbian market for optical fibers, bundles and cables fell notably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Optical Fibers, Bundles and Cables in Serbia

In value terms, optical fiber, bundle and cable production declined to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from Serbia

In 2022, approx. X tons of optical fibers, bundles and cables were exported from Serbia; increasing by X% compared with the previous year's figure. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, optical fiber, bundle and cable exports amounted to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for optical fiber, bundle and cable exports from Serbia, accounting for a X% share of total exports. Moreover, optical fiber, bundle and cable exports to Romania exceeded the volume sent to the second major destination, Montenegro (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the largest markets for optical fiber, bundle and cable exported from Serbia were Germany ($X), Romania ($X) and Montenegro ($X), with a combined X% share of total exports.

Romania, with a CAGR of X%, 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 export price for optical fibers, bundles and cables amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the average price for exports to Romania ($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 Romania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Optical Fibers, Bundles and Cables

Imports into Serbia

Optical fiber, bundle and cable imports into Serbia fell remarkably to X tons in 2022, reducing by X% compared with 2021. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, optical fiber, bundle and cable imports shrank significantly to $X in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber, bundle and cable to Serbia, 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, the Netherlands (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of optical fibers, bundles and cables to Serbia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Poland, with an 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: the Netherlands (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average import price for optical fibers, bundles and cables amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform