World - Optical Fiber Cables - Market Analysis, Forecast, Size, Trends and Insights
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The global optical fiber cables market is poised for growth, with consumption expected to increase by 2.0% annually, reaching 2.2M tons by 2030. In value terms, the market is forecasted to grow by 4.8% per year, reaching $29.6B by 2030. China, South Africa, and the United States are the top consuming countries, with South Africa showing the highest growth rate. Production figures, import trends, and export patterns are also discussed in the article.
Market Forecast
Driven by increasing demand for optical fiber cables worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 2.2M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $29.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Optical Fiber Cables
In 2022, approx. 1.9M tons of optical fiber cables were consumed worldwide; rising by 7.3% compared with the previous year's figure. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its volume 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 +63.5% against 2012 indices. Over the period under review, global consumption attained the peak volume in 2022 and is expected to retain growth in the near future.
The global optical fiber cables market value fell to $20.4B in 2022, standing approx. at 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). The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $20.5B in 2021, and then contracted in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (275K tons), South Africa (271K tons) and the United States (211K tons), with a combined 40% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Africa (with a CAGR of +72.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest optical fiber cables markets worldwide were the United States ($2.6B), China ($1.9B) and South Africa ($1.5B), together comprising 30% of the global market.
Among the main consuming countries, South Africa, with a CAGR of +71.2%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of optical fiber cables per capita consumption was registered in Kuwait (13 kg per person), followed by South Africa (4.5 kg per person), Canada (1.6 kg per person) and the UK (1.2 kg per person), while the world average per capita consumption of optical fiber cables was estimated at 0.2 kg per person.
In Kuwait, optical fiber cables per capita consumption contracted by an average annual rate of -2.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: South Africa (+69.3% per year) and Canada (+8.7% per year).
Production
World Production of Optical Fiber Cables
After three years of growth, production of optical fiber cables decreased by -6% to 1.6M tons in 2022. The total output volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Global production peaked at 1.7M tons in 2021, and then contracted in the following year.
In value terms, optical fiber cables production reduced modestly to $17.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. Over the period under review, global production hit record highs at $19.3B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
China (685K tons) remains the largest optical fiber cables producing country worldwide, comprising approx. 43% of total volume. Moreover, optical fiber cables production in China exceeded the figures recorded by the second-largest producer, the United States (204K tons), threefold. Russia (63K tons) ranked third in terms of total production with a 3.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +9.9%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+2.2% per year) and Russia (+3.0% per year).
Imports
World Imports of Optical Fiber Cables
For the third consecutive year, the global market recorded growth in overseas purchases of optical fiber cables, which increased by 37% to 1.1M tons in 2022. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, optical fiber cables imports skyrocketed to $11.4B in 2022. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.
Imports By Country
South Africa represented the main importer of optical fiber cables in the world, with the volume of imports recording 273K tons, which was approx. 24% of total imports in 2022. Mexico (96K tons) ranks second in terms of the total imports with an 8.5% share, followed by Canada (5.6%), the UK (5.5%), the Philippines (4.8%) and Brazil (4.8%). The following importers - Indonesia (50K tons), France (34K tons), Ireland (29K tons), Singapore (20K tons), Germany (20K tons) and Thailand (18K tons) - together made up 15% of total imports.
South Africa was also the fastest-growing in terms of the optical fiber cables imports, with a CAGR of +53.1% from 2012 to 2022. At the same time, Ireland (+49.7%), Brazil (+32.1%), France (+24.7%), the UK (+22.9%), Indonesia (+22.4%), the Philippines (+20.1%), Mexico (+10.3%), Canada (+9.6%), Germany (+9.1%), Singapore (+5.9%) and Thailand (+1.6%) displayed positive paces of growth. While the share of South Africa (+23 p.p.), Brazil (+3.9 p.p.), the UK (+3.4 p.p.), Indonesia (+2.7 p.p.), the Philippines (+2.5 p.p.), Ireland (+2.4 p.p.) and France (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Thailand (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Mexico ($1.2B), Canada ($615M) and the UK ($579M) constituted the countries with the highest levels of imports in 2022, together comprising 21% of global imports. France, Germany, the Philippines, Indonesia, Thailand, Brazil, Singapore, Ireland and South Africa lagged somewhat behind, together accounting for a further 19%.
In terms of the main importing countries, the Philippines, with a CAGR of +26.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average optical fiber cables import price amounted to $10,045 per ton, declining by -10.2% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 1.7%. Global import price peaked at $12,695 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($22,302 per ton), while South Africa ($126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Optical Fiber Cables
For the seventh consecutive year, the global market recorded growth in shipments abroad of optical fiber cables, which increased by 10% to 841K tons in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, optical fiber cables exports surged to $10.9B in 2022. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.
Exports By Country
China was the major exporter of optical fiber cables in the world, with the volume of exports reaching 413K tons, which was near 49% of total exports in 2022. It was distantly followed by Mexico (109K tons) and France (46K tons), together generating an 18% share of total exports. Japan (22K tons), South Korea (20K tons), Poland (19K tons), Hong Kong SAR (16K tons), Norway (16K tons), Germany (16K tons), Romania (14K tons) and the Netherlands (13K tons) held a relatively small share of total exports.
Exports from China increased at an average annual rate of +18.0% from 2012 to 2022. At the same time, Romania (+37.3%), Mexico (+21.0%), Hong Kong SAR (+20.9%), Poland (+14.7%), the Netherlands (+13.1%), France (+9.1%) and Japan (+7.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.3% from 2012-2022. Germany and Norway experienced a relatively flat trend pattern. By contrast, South Korea (-2.2%) illustrated a downward trend over the same period. China (+25 p.p.), Mexico (+8 p.p.) and Romania (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Norway and South Korea saw its share reduced by -2.9%, -3.1% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.7B), Mexico ($1.6B) and France ($487M) were the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. Poland, Japan, the Netherlands, Germany, Hong Kong SAR, South Korea, Romania and Norway lagged somewhat behind, together comprising a further 21%.
Romania, with a CAGR of +33.6%, recorded the highest growth rate of 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
In 2022, the average optical fiber cables export price amounted to $12,973 per ton, surging by 4.8% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 10%. As a result, the export price reached the peak level of $14,930 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($24,961 per ton), while China ($6,644 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 (+3.1%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global optical fiber cables market. 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 27311100 - Optical fibre cables made up of individually sheathed fibres whether or not assembled with electric conductors or fitted with connectors
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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