Cyprus: Optical Fiber Cables Market 2020

Optical Fiber Cables Market Size in Cyprus

The revenue of the optical fiber cables market in Cyprus amounted to $X in 2018, shrinking by -X% against 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). In general, optical fiber cables consumption continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, the optical fiber cables market attained its peak level of $X. From 2014 to 2018, the growth of the optical fiber cables market remained at a somewhat lower figure.

Optical Fiber Cables Exports

Exports from Cyprus

In 2018, the optical fiber cables exports from Cyprus stood at X tons, rising by X% against the previous year. In general, optical fiber cables exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, optical fiber cables exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, optical fiber cables exports totaled $X in 2018. Overall, optical fiber cables exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, optical fiber cables exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China represented the major exporter of optical fiber cables in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. The U.S. (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), France (X%) and Germany (X%). Norway (X tons), South Korea (X tons), Japan (X tons), Poland (X tons), Spain (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to optical fiber cables exports from China stood at +X%. At the same time, Norway (+X%), Poland (+X%), Mexico (+X%), South Korea (+X%), the U.S. (+X%), Spain (+X%), the Netherlands (+X%), Germany (+X%) and France (+X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. While the share of China (+X p.p.), the U.S. (+X p.p.), Mexico (+X p.p.), Norway (+X p.p.), South Korea (+X p.p.), Poland (+X p.p.) and Germany (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest optical fiber cables markets from Cyprus were China ($X), the U.S. ($X) and Mexico ($X), together accounting for X% of total exports. These countries were followed by France, Germany, the Netherlands, South Korea, Poland, Japan, Norway, Spain and Cyprus, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The optical fiber cables export price in Cyprus stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the optical fiber cables export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. In that year, the export prices for optical fiber cables reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for optical fiber cables remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Cyprus

In 2018, approx. X tons of optical fiber cables were imported into Cyprus; lowering by -X% against the previous year. Over the period under review, optical fiber cables imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, optical fiber cables imports attained their peak of X tons. From 2014 to 2018, the growth of optical fiber cables imports remained at a lower figure.

In value terms, optical fiber cables imports stood at $X in 2018. Overall, optical fiber cables imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. In that year, optical fiber cables imports attained their peak of $X. From 2014 to 2018, the growth of optical fiber cables imports remained at a somewhat lower figure.

Imports by Country

In 2018, Mexico (X tons), the U.S. (X tons), Thailand (X tons), Indonesia (X tons), Singapore (X tons), South Africa (X tons), the Philippines (X tons), Brazil (X tons), Germany (X tons), Russia (X tons), France (X tons) and India (X tons) were the key importers of optical fiber cables in the world, committing X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by South Africa, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported optical fiber cables into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the optical fiber cables import price in Cyprus amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price indicated a measured increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, optical fiber cables import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% year-to-year. Over the period under review, the import prices for optical fiber cables attained their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform