Estonia: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Estonia

The Estonian optical fiber cables market declined remarkably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Optical Fiber Cables Production in Estonia

In value terms, optical fiber cables production surged to $X in 2022 estimated in export price. Overall, production, however, posted significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Optical Fiber Cables Exports

Exports from Estonia

In 2022, overseas shipments of optical fiber cables decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was 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 remained at a lower figure.

In value terms, optical fiber cables exports contracted to $X in 2022. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Finland (X tons), Sweden (X tons) and Switzerland (X tons) were the main destinations of optical fiber cables exports from Estonia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 optical fiber cables export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber cables export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Fiber Cables Imports

Imports into Estonia

Optical fiber cables imports into Estonia reduced modestly to X tons in 2022, almost unchanged from 2021. Overall, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, optical fiber cables imports totaled $X in 2022. In general, imports, however, saw a tangible expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons), India (X tons) and Finland (X tons) were the main suppliers of optical fiber cables imports to Estonia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Sweden ($X) appeared to be the largest optical fiber cables suppliers to Estonia, with a combined X% share of total imports. China, India, South Korea, Norway, Poland, the UK and Spain lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 China ($X per ton), while the price for India ($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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