United Kingdom: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in the UK

For the sixth consecutive year, the UK market for optical fibers, bundles and cables recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Production of Optical Fibers, Bundles and Cables in the UK

In value terms, optical fiber, bundle and cable production expanded to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Optical Fibers, Bundles and Cables

Exports from the UK

In 2022, optical fiber, bundle and cable exports from the UK reduced slightly to X tons, waning by X% on the year before. In general, total exports indicated a noticeable increase from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, optical fiber, bundle and cable exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the main destinations of optical fiber, bundle and cable exports from the UK, together accounting for X% of total exports. Germany, Ireland, China, France, Norway, Canada, Spain, the United Arab Emirates, Cyprus and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) were the largest markets for optical fiber, bundle and cable exported from the UK worldwide, with a combined X% share of total exports. Ireland, China, the Czech Republic, Norway, France, Canada, Spain, Denmark, the United Arab Emirates and Cyprus lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Cyprus, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 export price for optical fibers, bundles and cables amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Cyprus ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers, Bundles and Cables

Imports into the UK

In 2022, imports of optical fibers, bundles and cables into the UK surged to X tons, growing by X% on the year before. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, optical fiber, bundle and cable imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and India (X tons) were the main suppliers of optical fiber, bundle and cable imports to the UK, together comprising X% of total imports. Japan, the Czech Republic, the United States, Sweden, Germany, Romania, Spain, Austria, Morocco and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), China ($X) and India ($X) constituted the largest optical fiber, bundle and cable suppliers to the UK, with a combined X% share of total imports. Japan, the United States, the Czech Republic, Germany, Morocco, Sweden, the Netherlands, Romania, Spain and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Morocco, with a CAGR of X%, recorded 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 import price for optical fibers, bundles and cables stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated modest growth 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. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Japan ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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