United Kingdom: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in the UK

The UK optical fiber and bundle market contracted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Optical fiber and bundle consumption peaked at $X in 2021, and then declined modestly in the following year.

Production of Optical Fibers and Bundles in the UK

In value terms, optical fiber and bundle production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a mild increase. The pace of growth was the most pronounced in 2014 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Optical Fibers and Bundles

Exports from the UK

In 2022, shipments abroad of optical fibers and bundles increased by 2.3% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 65%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber and bundle exports surged to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and the Czech Republic (X tons) were the main destinations of optical fiber and bundle exports from the UK, with a combined 54% share of total exports. Germany, China, Ukraine, Canada, Ireland, the United Arab Emirates, Italy, France, Spain and Colombia lagged somewhat behind, together comprising a further 34%.

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

In value terms, the United States ($X) remains the key foreign market for optical fibers and bundles exports from the UK, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.1% per year) and China (+33.0% per year).

Export Prices by Country

In 2022, the average optical fiber and bundle export price amounted to $X per ton, rising by 13% against the previous year. In general, the export price posted a resilient increase. The growth pace was the most rapid in 2016 an increase of 220%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ukraine ($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 Italy (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers and Bundles

Imports into the UK

In 2022, after two years of growth, there was decline in overseas purchases of optical fibers and bundles, when their volume decreased by -0.4% to X tons. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 54%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank slightly in the following year.

In value terms, optical fiber and bundle imports surged to $X in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest optical fiber and bundle supplier to the UK, with a 73% share of total imports. Moreover, optical fiber and bundle imports from India exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.6% per year) and the Netherlands (-0.9% per year).

In value terms, India ($X) constituted the largest supplier of optical fibers and bundles to the UK, comprising 35% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.3% per year) and the United States (+9.9% per year).

Import Prices by Country

The average optical fiber and bundle import price stood at $X per ton in 2022, with an increase of 40% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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