Venezuela: Market for Optical Fibers, Bundles and Cables 2025

Market Size for Optical Fibers, Bundles and Cables in Venezuela

In 2022, after three years of growth, there was significant decline in the Venezuelan market for optical fibers, bundles and cables, when its value decreased by X% to $X. Over the period under review, consumption faced a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from Venezuela

In 2022, approx. X kg of optical fibers, bundles and cables were exported from Venezuela; with a decrease of X% against 2021. Over the period under review, exports recorded a sharp descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber, bundle and cable exports fell markedly to $X in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for optical fiber, bundle and cable exports from Venezuela, with a X% share of total exports. Moreover, optical fiber, bundle and cable exports to Panama exceeded the volume sent to the second major destination, Pakistan (X kg), fivefold. The third position in this ranking was held by Colombia (X kg), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Colombia (X% per year).

In value terms, Panama ($X), Pakistan ($X) and Colombia ($X) were the largest markets for optical fiber, bundle and cable exported from Venezuela worldwide, together accounting for X% of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for optical fibers, bundles and cables stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Ireland ($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 Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Optical Fibers, Bundles and Cables

Imports into Venezuela

In 2022, purchases abroad of optical fibers, bundles and cables decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, optical fiber, bundle and cable imports contracted sharply to $X in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest optical fiber, bundle and cable supplier to Venezuela, with a X% share of total imports. Moreover, optical fiber, bundle and cable imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of optical fibers, bundles and cables to Venezuela, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for optical fibers, bundles and cables amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a 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 the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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