U.S.: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in the U.S.

The U.S. optical fiber and bundle market was estimated at $X in 2022, almost unchanged from the previous year. Overall, consumption showed a prominent increase. Optical fiber and bundle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Optical Fibers and Bundles in the U.S.

In value terms, optical fiber and bundle production contracted slightly to $X in 2022. Over the period under review, production, however, saw strong growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 38% against the previous year. Optical fiber and bundle production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Optical Fibers and Bundles

Exports from the U.S.

In 2022, shipments abroad of optical fibers and bundles decreased by -4.9% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 13%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, optical fiber and bundle exports contracted to $X in 2022. In general, exports showed a slight reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 14%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and Mexico (X tons) were the main destinations of optical fiber and bundle exports from the United States, with a combined 39% share of total exports. Japan, Hong Kong SAR, Romania, the UK, Poland, France, Sweden, Canada, South Korea and Thailand lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +122.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and France ($X) constituted the largest markets for optical fiber and bundle exported from the United States worldwide, together comprising 31% of total exports. Canada, Germany, Poland, Japan, Sweden, the UK, Hong Kong SAR, Thailand, Romania and South Korea lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Romania, with a CAGR of +126.3%, 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

The average optical fiber and bundle export price stood at $X per ton in 2022, growing by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 an increase of 18%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea ($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 (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into the U.S.

In 2022, overseas purchases of optical fibers and bundles increased by 123% to X tons, rising for the third consecutive year after four years of decline. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical fiber and bundle imports surged to $X in 2022. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest optical fiber and bundle supplier to the United States, with a 58% share of total imports. Moreover, optical fiber and bundle imports from Japan exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+18.8% per year) and the Netherlands (+4.3% per year).

In value terms, Japan ($X) constituted the largest supplier of optical fibers and bundles to the United States, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Denmark, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and Denmark (+12.5% per year).

Import Prices by Country

In 2022, the average optical fiber and bundle import price amounted to $X per ton, dropping by -39.2% against the previous year. In general, the import price, however, continues to indicate a pronounced increase. The growth pace was the most rapid in 2017 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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