Venezuela: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Venezuela

In 2022, after three years of growth, there was significant decline in the Venezuelan optical fiber cables market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Optical Fiber Cables Exports

Exports from Venezuela

In 2022, optical fiber cables exports from Venezuela shrank rapidly to X kg, reducing by X% compared with 2021 figures. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, optical fiber cables exports contracted notably to $X in 2022. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for optical fiber cables exports from Venezuela, accounting for a X% share of total exports. Moreover, optical fiber cables exports to Panama exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold. Ireland (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Ireland (X% per year).

In value terms, the largest markets for optical fiber cables exported from Venezuela were Panama ($X), Colombia ($X) and Argentina ($X), together comprising X% of total exports.

Among the main countries of destination, Colombia, 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 a decline.

Export Prices by Country

The average optical fiber cables export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price posted tangible growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Ireland ($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 Colombia (X%), while the prices for the other major destinations experienced a decline.

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Optical Fiber Cables Imports

Imports into Venezuela

After three years of growth, purchases abroad of optical fiber cables decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, optical fiber cables imports contracted notably to $X in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber cables to Venezuela, accounting for a X% share of total imports. Moreover, optical fiber cables imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Iran (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Iran (X% per year).

In value terms, China ($X) constituted the largest supplier of optical fiber cables to Venezuela, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Japan ($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 mixed trend patterns.

Source: IndexBox Platform

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