Estonia: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Estonia

The Estonian market for optical fibers, bundles and cables shrank markedly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a noticeable reduction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Optical Fibers, Bundles and Cables in Estonia

In value terms, optical fiber, bundle and cable production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from Estonia

In 2022, overseas shipments of optical fibers, bundles and cables decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, optical fiber, bundle and cable exports dropped to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Finland (X tons), Sweden (X tons) and Switzerland (X tons) were the main destinations of optical fiber, bundle and cable exports from Estonia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical fiber, bundle and cable exported from Estonia were Finland ($X), Sweden ($X) and Switzerland ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for optical fibers, bundles and cables stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Optical Fibers, Bundles and Cables

Imports into Estonia

In 2022, imports of optical fibers, bundles and cables into Estonia reduced to X tons, leveling off at the previous year's figure. Over the period under review, imports, however, recorded notable growth. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, optical fiber, bundle and cable imports amounted to $X in 2022. Overall, imports saw a mild decrease. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), India (X tons) and Germany (X tons) were the main suppliers of optical fiber, bundle and cable imports to Estonia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of optical fibers, bundles and cables to Estonia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average import price for optical fibers, bundles and cables amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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