U.S.: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in the U.S.

The U.S. optical fiber cables market shrank slightly to $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Optical Fiber Cables Production in the U.S.

In value terms, optical fiber cables production reduced to $X in 2022. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Optical Fiber Cables Exports

Exports from the U.S.

In 2022, overseas shipments of optical fiber cables increased by 15% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, optical fiber cables exports skyrocketed to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for optical fiber cables exports from the United States, accounting for a 61% share of total exports. Moreover, optical fiber cables exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.7% per year) and Germany (+18.6% per year).

In value terms, the largest markets for optical fiber cables exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), together accounting for 77% of total exports.

Among the main countries of destination, Germany, with a CAGR of +16.2%, recorded the highest growth rate of 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

In 2022, the average optical fiber cables export price amounted to $X per ton, with an increase of 9.1% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 87%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Canada ($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 Spain (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into the U.S.

For the third year in a row, the United States recorded growth in supplies from abroad of optical fiber cables, which increased by 92% to X tons in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical fiber cables imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of optical fiber cables to the United States, with a 57% share of total imports. Moreover, optical fiber cables imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was held by China (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +105.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+528.6% per year) and China (+2.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of optical fiber cables to the United States, comprising 57% of total imports. The second position in the ranking was taken by India ($X), with an 8.8% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+49.7% per year) and China (+2.7% per year).

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, with a decrease of -14.8% against the previous year. In general, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2021 an increase of 14%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and India ($X per ton), while the price for the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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