Middle East: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in the Middle East

In 2022, the Middle Eastern optical fiber and bundle market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, posted a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Optical Fibers and Bundles in the Middle East

In value terms, optical fiber and bundle production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Optical Fibers and Bundles

Exports in the Middle East

In 2022, optical fiber and bundle exports in the Middle East declined sharply to X tons, shrinking by X% compared with 2021. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, optical fiber and bundle exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Oman prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Israel (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%).

Oman was also the fastest-growing in terms of the optical fibers and bundles exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Israel ($X), Oman ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Oman, 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 the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Imports of Optical Fibers and Bundles

Imports in the Middle East

After two years of growth, supplies from abroad of optical fibers and bundles decreased by X% to X tons in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, optical fiber and bundle imports totaled $X in 2022. The total import value 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 pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons), Turkey (X tons), Israel (X tons) and the United Arab Emirates (X tons) was the main importer of optical fibers and bundles in the Middle East, creating X% of total import. Oman (X tons) held the next position in the ranking, followed by Qatar (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber and bundle importing markets in the Middle East were Turkey ($X), Israel ($X) and Saudi Arabia ($X), with a combined X% share of total imports. The United Arab Emirates, Oman and Qatar lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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