Finland: Optical Fiber Cables Market Overview 2021

Optical Fiber Cables Market Size in Finland

In 2020, the Finnish optical fiber cables market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Optical fiber cables consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Optical Fiber Cables Production in Finland

In value terms, optical fiber cables production reached $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Optical fiber cables production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Optical Fiber Cables Exports

Exports from Finland

After three years of growth, overseas shipments of optical fiber cables decreased by -X% to X tonnes in 2020. Overall, exports saw a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes, and then shrank sharply in the following year.

In value terms, optical fiber cables exports reduced markedly to $X in 2020. In general, exports showed modest growth. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then contracted markedly in the following year.

Exports by Country

Estonia (X tonnes) was the main destination for optical fiber cables exports from Finland, accounting for a X% share of total exports. Moreover, optical fiber cables exports to Estonia exceeded the volume sent to the second major destination, the U.S. (X tonnes), fourfold. The United Arab Emirates (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Estonia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the largest markets for optical fiber cables exported from Finland were the U.S. ($X), Estonia ($X) and Sweden ($X), together comprising X% of total exports.

The U.S. recorded the highest rates of growth with regard to the value of exports, in terms of 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 2020, the average optical fiber cables export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, optical fiber cables export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Finland

In 2020, overseas purchases of optical fiber cables decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, optical fiber cables imports fell to $X in 2020. In general, imports recorded a mild decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Sweden (X tonnes), China (X tonnes) and Estonia (X tonnes) were the main suppliers of optical fiber cables imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber cables suppliers to Finland were China ($X), Sweden ($X) and Estonia ($X), with a combined X% share of total imports.

Among the main suppliers, China saw the highest rates of growth with regard to the value of imports, 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 tonne in 2020, with an increase of X% against the previous year. Overall, import price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, optical fiber cables import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for optical fiber cables in the world?

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The countries with the highest volumes of optical fiber cables consumption in 2020 were China (135K tonnes), the U.S. (125K tonnes) and Mexico (61K tonnes), with a combined 31% share of global consumption. Brazil, France, Turkey, Russia, Germany, Viet Nam, Thailand, Egypt, the Philippines and Indonesia lagged somewhat behind, together comprising a further 30%.

What are the largest producers of optical fiber cables in the world?

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China (475K tonnes) constituted the country with the largest volume of optical fiber cables production, accounting for 44% of total volume. Moreover, optical fiber cables production in China exceeded the figures recorded by the second-largest producer, the U.S. (104K tonnes), fivefold. Mexico (60K tonnes) ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of optical fiber cables to Finland?

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In value terms, the largest optical fiber cables suppliers to Finland were China ($6.5M), Sweden ($4.1M) and Estonia ($2.8M), with a combined 64% share of total imports.

What are the leading importers of optical fiber cables from Finland?

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In value terms, the U.S. ($2.1M), Estonia ($1.3M) and Sweden ($1.2M) appeared to be the largest markets for optical fiber cables exported from Finland worldwide, with a combined 45% share of total exports.

What is the average export price for optical fiber cables in Finland?

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The average optical fiber cables export price stood at $14,542 per tonne in 2020, with a decrease of -6.9% against the previous year.

What is the average import price for optical fiber cables in Finland?

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In 2020, the average optical fiber cables import price amounted to $19,007 per tonne, increasing by 2.1% against the previous year.