United Kingdom: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in the UK

The UK optical fiber cables market skyrocketed to $X in 2022, picking up by 23% against the previous year. In general, consumption continues to indicate a remarkable increase. Optical fiber cables consumption peaked in 2022 and is likely to continue growth in years to come.

Optical Fiber Cables Production in the UK

In value terms, optical fiber cables production expanded to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 142%. Optical fiber cables production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Optical Fiber Cables Exports

Exports from the UK

In 2022, optical fiber cables exports from the UK contracted modestly to X tons, falling by -2.6% compared with 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 21% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, optical fiber cables exports expanded markedly to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +25.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the main destinations of optical fiber cables exports from the UK, with a combined 43% share of total exports. These countries were followed by Germany, Ireland, China, France, Norway, Spain, Canada, Cyprus, the United Arab Emirates and Denmark, which together accounted for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +54.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Ireland ($X) were the largest markets for optical fiber cables exported from the UK worldwide, with a combined 39% share of total exports. These countries were followed by Germany, the Czech Republic, Norway, France, China, Canada, Spain, Denmark, the United Arab Emirates and Cyprus, which together accounted for a further 35%.

Cyprus, with a CAGR of +45.5%, recorded the highest rates of growth with regard to 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, jumping by 16% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Cyprus ($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 the United Arab Emirates (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into the UK

In 2022, the amount of optical fiber cables imported into the UK soared to X tons, with an increase of 42% on the previous year. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 94%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, optical fiber cables imports surged to $X in 2022. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and India (X tons) were the main suppliers of optical fiber cables imports to the UK, with a combined 61% share of total imports. The Czech Republic, Japan, Sweden, Germany, Romania, Austria, Spain, Morocco, Slovakia and South Korea lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +126.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber cables suppliers to the UK were Poland ($X), China ($X) and Japan ($X), with a combined 51% share of total imports. India, the Czech Republic, Germany, Morocco, Sweden, Romania, South Korea, Slovakia, Spain and Austria lagged somewhat behind, together comprising a further 30%.

Slovakia, with a CAGR of +125.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, rising by 15% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Japan ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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