Scandinavia: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Scandinavia

The Scandinavia market for optical fibers, bundles and cables contracted slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Optical Fibers, Bundles and Cables in Scandinavia

In value terms, optical fiber, bundle and cable production declined to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports in Scandinavia

In 2022, approx. X tons of optical fibers, bundles and cables were exported in Scandinavia; growing by X% against 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, optical fiber, bundle and cable exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Norway (X tons) represented the largest exporter of optical fibers, bundles and cables, making up X% of total exports. It was distantly followed by Sweden (X tons) and Finland (X tons), together mixing up a X% share of total exports.

Exports from Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Sweden (X p.p.) and Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) displayed negative dynamics.

In value terms, the largest optical fiber, bundle and cable supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main exporting countries, Finland, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Optical Fibers, Bundles and Cables

Imports in Scandinavia

In 2022, overseas purchases of optical fibers, bundles and cables increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, optical fiber, bundle and cable imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Norway was the major importer of optical fibers, bundles and cables in Scandinavia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Sweden (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Norway was also the fastest-growing in terms of the optical fibers, bundles and cables imports, with a CAGR of X% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) and Sweden (X p.p.) displayed negative dynamics.

In value terms, the largest optical fiber, bundle and cable importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

In terms of the main importing countries, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell slightly in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :