Report Update Nov 1, 2024

Venezuela - Optical Fibers and Bundles - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in Venezuela

The Venezuelan optical fiber and bundle market fell remarkably to $X in 2022, waning by -21.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Optical Fibers and Bundles

Exports from Venezuela

After seven years of growth, shipments abroad of optical fibers and bundles decreased by -8.1% to X kg in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 800%. Over the period under review, the exports reached the peak figure at X kg in 2021, and then dropped in the following year.

In value terms, optical fiber and bundle exports reduced to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 757%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Panama (X kg) was the main destination for optical fiber and bundle exports from Venezuela, accounting for a 79% share of total exports. Moreover, optical fiber and bundle exports to Panama exceeded the volume sent to the second major destination, Pakistan (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama totaled +16.9%.

In value terms, Pakistan ($X) and Panama ($X) constituted the largest markets for optical fiber and bundle exported from Venezuela worldwide.

Pakistan, with a CAGR of +34.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average optical fiber and bundle export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 13%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign 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 Panama stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+5.9%).

Imports of Optical Fibers and Bundles

Imports into Venezuela

In 2022, approx. X tons of optical fibers and bundles were imported into Venezuela; dropping by -28.8% against the year before. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 668%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, optical fiber and bundle imports fell to $X in 2022. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2019 when imports increased by 405%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) was the main optical fiber and bundle supplier to Venezuela, with a 95% share of total imports. Moreover, optical fiber and bundle imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled -3.5%.

In value terms, South Korea ($X) constituted the largest supplier of optical fibers and bundles to Venezuela, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +3.0%.

Import Prices by Country

In 2022, the average optical fiber and bundle import price amounted to $X per ton, rising by 39% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 127% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat 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 South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for optical fibers, bundles and cables in the world?

China remains the largest optical fiber, bundle and cable consuming country worldwide, comprising approx. 20% of total volume. Moreover, optical fiber, bundle and cable consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Brazil ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of optical fibers, bundles and cables in the world?

The country with the largest volume of optical fiber, bundle and cable production was China, accounting for 39% of total volume. Moreover, optical fiber, bundle and cable production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Russia, with a 4.1% share.

What are the leading suppliers of optical fibers, bundles and cables to Venezuela?

In value terms, China, the United States and South Korea constituted the largest optical fiber, bundle and cable suppliers to Venezuela, together comprising 71% of total imports.

What are the leading importers of optical fibers, bundles and cables from Venezuela?

In value terms, the largest markets for optical fiber, bundle and cable exported from Venezuela were the United States $741), Panama $661) and Indonesia $5), with a combined 95% share of total exports.

What is the average export price for optical fibers, bundles and cables in Venezuela?

The average export price for optical fibers, bundles and cables stood at $25,220 per ton in 2021, reducing by -22.2% against the previous year.

What is the average import price for optical fibers, bundles and cables in Venezuela?

In 2021, the average import price for optical fibers, bundles and cables amounted to $8,335 per ton, declining by -2.4% against the previous year.

This report provides an in-depth analysis of the market for optical fiber and bundle in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27311200 - Optical fibres and optical fibre bundles, optical fibre cables (except those made up of individually sheathed fibres)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023