Hungary: Optical Fiber Cables Market Overview 2020

Optical Fiber Cables Market Size in Hungary

The revenue of the optical fiber cables market in Hungary amounted to $X in 2018, dropping by -X% against the previous year. Overall, optical fiber cables consumption, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the optical fiber cables market attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Optical Fiber Cables Production in Hungary

In value terms, optical fiber cables production totaled $X in 2018 estimated in export prices. Over the period under review, optical fiber cables production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Optical fiber cables production peaked in 2018 and is expected to retain its growth in the immediate term.

Optical Fiber Cables Exports

Exports from Hungary

In 2018, the amount of optical fiber cables exported from Hungary stood at X tonnes, dropping by -X% against the previous year. Over the period under review, optical fiber cables exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, optical fiber cables exports amounted to $X in 2018. Over the period under review, optical fiber cables exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Germany (X tonnes) was the main destination for optical fiber cables exports from Hungary, accounting for a X% share of total exports. Moreover, optical fiber cables exports to Germany exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. Slovakia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Slovakia (+X% per year).

In value terms, Germany ($X), the U.S. ($X) and Switzerland ($X) appeared to be the largest markets for optical fiber cables exported from Hungary worldwide, with a combined X% share of total exports. These countries were followed by Italy, China, Hong Kong SAR and Slovakia, which together accounted for a further X the main countries of destination, Slovakia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical fiber cables export price stood at $X per tonne in 2018, waning by -X% against the previous year. In general, the optical fiber cables export price continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Optical Fiber Cables Imports

Imports into Hungary

In 2018, approx. X tonnes of optical fiber cables were imported into Hungary; declining by -X% against the previous year. Overall, optical fiber cables imports, however, continue to indicate a conspicuous expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, optical fiber cables imports totaled $X in 2018. Over the period under review, the total imports indicated a modest expansion from 2007 to 2018: its value 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 imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, optical fiber cables imports reached their peak figure at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

China (X tonnes), Italy (X tonnes) and Slovenia (X tonnes) were the main suppliers of optical fiber cables imports to Hungary, with a combined X% share of total imports. These countries were followed by Germany, Romania, Poland and the Czech Republic, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Czech Republic, while the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber cables suppliers to Hungary were Germany ($X), China ($X) and Poland ($X), with a combined X% share of total imports. These countries were followed by Romania, Italy, the Czech Republic and Slovenia, which together accounted for a further X the main suppliers, the Czech Republic experienced the highest growth rate of imports, over the last eleven-year period, while 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 2018, picking up by X% against the previous year. Over the period under review, the optical fiber cables import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, the average import prices for optical fiber cables reached their peak figure at $X per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform