Panama: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Panama

The Panamanian market for optical fibers, bundles and cables was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption, however, saw a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Optical Fibers, Bundles and Cables in Panama

In value terms, optical fiber, bundle and cable production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a tangible increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Optical Fibers, Bundles and Cables

Exports from Panama

In 2022, approx. X tons of optical fibers, bundles and cables were exported from Panama; almost unchanged from the year before. Over the period under review, exports showed a notable expansion. The pace of growth appeared the most rapid 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 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, optical fiber, bundle and cable exports stood at $X in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), Chile (X tons) and Peru (X tons) were the main destinations of optical fiber, bundle and cable exports from Panama, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (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 Panama were Costa Rica ($X), Peru ($X) and Chile ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Chile, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average export price for optical fibers, bundles and cables amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Peru ($X per ton), while the average price for exports to the Dominican Republic ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers, Bundles and Cables

Imports into Panama

In 2022, approx. X tons of optical fibers, bundles and cables were imported into Panama; picking up by X% against the year before. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, optical fiber, bundle and cable imports totaled $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Spain (X tons) and China (X tons) were the main suppliers of optical fiber, bundle and cable imports to Panama, together accounting for X% of total imports. Free Zones, Ecuador, the United States and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, Spain ($X), India ($X) and China ($X) appeared to be the largest optical fiber, bundle and cable suppliers to Panama, together comprising X% of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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