Overview of the Global Market for Optical Fibers and Bundles

Market Size for Optical Fibers and Bundles

The global optical fiber and bundle market fell to $X in 2022, with a decrease of -9.7% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.7% against 2020 indices. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Optical Fibers and Bundles

In value terms, optical fiber and bundle production contracted to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Optical Fibers and Bundles

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of optical fibers and bundles, which increased by 43% to X tons in 2022. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, optical fiber and bundle exports soared to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +47.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X tons) was the major exporter of optical fibers and bundles, comprising 61% of total exports. It was distantly followed by China (X tons), generating a 22% share of total exports. Japan (X tons), the United States (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +19.6% from 2012 to 2022. At the same time, China (+31.4%) and Italy (+8.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.4% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, the United States (-4.2%) illustrated a downward trend over the same period. India (+28 p.p.) and China (+17 p.p.) significantly strengthened its position in terms of the global exports, while Japan and the United States saw its share reduced by -6.6% and -11.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest optical fiber and bundle supplying countries worldwide were China ($X), India ($X) and the United States ($X), together comprising 59% of global exports.

China, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, waning by -13.6% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of 12% against the previous year. The global export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the other global leaders experienced a decline in the export price figures.

Imports of Optical Fibers and Bundles

Imports

In 2022, overseas purchases of optical fibers and bundles increased by 16% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, optical fiber and bundle imports expanded rapidly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons), Romania (X tons), the UK (X tons), France (X tons), the United States (X tons), Spain (X tons), Argentina (X tons), Mexico (X tons), Australia (X tons), Thailand (X tons), Poland (X tons) and China (X tons) represented the largest importer of optical fibers and bundles in the world, comprising 60% of total import. Italy (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +40.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Romania ($X) were the countries with the highest levels of imports in 2022, together comprising 30% of global imports.

Romania, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average optical fiber and bundle import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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