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Nigeria - Optical Fiber Cables - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Optical Fiber Cables Market Overview 2021

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Optical Fiber Cables Market Size in Nigeria

In 2020, the Nigerien optical fiber cables market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, the total consumption indicated moderate growth from 2007 to 2020: its value 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, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Optical fiber cables consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Optical Fiber Cables Exports

Exports from Nigeria

In 2020, shipments abroad of optical fiber cables increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, optical fiber cables exports shrank slightly to $X in 2020. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for optical fiber cables exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the UK stood at +X%.

From 2007 to 2020, the average annual growth rate of value to the UK stood at +X%.

Export Prices by Country

The average optical fiber cables export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price, however, posted a temperate increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2020, the rate of growth in terms of prices for the UK amounted to -X% per year.

Optical Fiber Cables Imports

Imports into Nigeria

Optical fiber cables imports into Nigeria amounted to X tonnes in 2020, remaining constant against 2019. Over the period under review, imports posted a temperate expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, optical fiber cables imports declined markedly to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) was the main optical fiber cables supplier to Nigeria, accounting for a X% share of total imports. It was followed by the Netherlands (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of optical fiber cables to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2020, the average optical fiber cables import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for China totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for optical fiber cables in the world?
+
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. These countries were followed by Brazil, France, Turkey, Russia, Germany, Viet Nam, Thailand, Egypt, the Philippines and Indonesia, which together accounted for a further 30%.
What are the largest producers of optical fiber cables in the world?
+
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 Nigeria?
+
In value terms, China ($7.6M) constituted the largest supplier of optical fiber cables to Nigeria, comprising 66% of total imports. The second position in the ranking was occupied by the Netherlands ($1.7M), with a 15% share of total imports.
What is the average export price for optical fiber cables in Nigeria?
+
In 2020, the average optical fiber cables export price amounted to $7,023 per tonne, declining by -16.9% against the previous year.
What is the average import price for optical fiber cables in Nigeria?
+
In 2020, the average optical fiber cables import price amounted to $6,406 per tonne, waning by -17% against the previous year.

Product coverage:
• Prodcom 27311100 - Optical fibre cables made up of individually sheathed fibres whether or not assembled with electric conductors or fitted with connectors

This report provides an in-depth analysis of the optical fiber cables market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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