Optical Fiber Cable Market Overview in Romania
In value terms, optical fiber cable production contracted to $ in estimated in export prices. In general, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2019, and then contracted in the following year.
The revenue of the optical fiber cable market in Romania dropped modestly to $ in , approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
From 2007 to , the average annual growth rate of the volume of consumption of optical fiber cables totaled +%.
In value terms, optical fiber cables ($) and optical fiber bundles and cables ($) constituted the products with the highest levels of market value in .
In terms of the main consumed products, optical fiber bundle and cable recorded the highest rates of growth with regard to market size, over the period under review.