Optical fibre cables market in Greece

Earlier Report Observations

The market for optical fibre cables in Greece expanded dramatically from 2018 to 2024, with its total volume soaring from 666 tons to 4 085 tons. This growth represents a more than sixfold increase, highlighting a period of intense market development.

This surge was primarily driven by a monumental rise in imports, which climbed from 624 tons to 4 655 tons over the period. Domestic production also contributed, growing from 773 tons to 1 351 tons, while exports increased from 730 tons to 1 920 tons, moderating the net market expansion.

The most pronounced growth occurred in 2023 and 2024, where the market size jumped to 3 437 tons and then 4 085 tons, coinciding with imports exceeding 3 000 tons and then 4 600 tons in those respective years.

Production optical fibre cables in Greece

In value, 2017-2020, K $ US

Greece's optical fibre cable production increased for the second consecutive year. In 2019, output was valued at 9 301 K $ US, marking a 3.1% increase compared to 2018. Between 2017 and 2019, production grew by 53.7%, which equates to an annualized rate of 15.4%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, t

Greece's optical fibre cable production rose for the second year in a row. In 2019, 834.1 t were produced, representing a moderate gain of 7.9% versus the previous year. Over the period from 2017 to 2019, production increased by 35.1%, with a compound annual growth rate of 10.6%.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports optical fibre cables from Greece

Exports in kind, t

In 2020, optical fibre cable shipments from Greece to abroad totalled 700 t, corresponding to a solid decline of 16.9% compared with 2019. Between 2017 and 2020, exports decreased by 5.6%, equating to an annualized rate of 1.9%. The maximum volume was recorded in 2019 at 843 t, with the largest increase of 15.4% also occurring that year.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

Throughout 2017–2020, Bulgaria, Germany, and Cyprus formed the core group of markets for exports in kind, accounting for 66.8% of total flows. Bulgaria led with 37.9% of exports, followed by Germany at 19.2%, and Cyprus at 9.7%.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Optical fibre cable exports from Greece declined for the second consecutive year. In 2020, exports reached 5 396 K $ US, down by 7.0% compared to 2019. Between 2017 and 2020, exports decreased by 29.5%, equating to an annualized rate of 11.0%. The maximum value was recorded in 2018 at 7 896 K $ US, with the largest increase of 3.2% that year, while the largest decline of 26.6% occurred in 2019.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

In 2017–2020, three principal markets—Germany, Bulgaria, and Luxembourg—together accounted for 54.4% of total exports in value terms of optical fibre cables from Greece.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports optical fibre cables to Greece

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2018 at 624 t and peaked in 2019 at 1 281 t, with a 2.1-fold difference between these years. In 2020, volume amounted to 1 258 t, equivalent to a small loss of 1.8% year-over-year. The largest decline of 30.0% was recorded in 2018, while the largest increase of 105.5% occurred in 2019.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

In 2017–2020, the geographical pattern of imports in kind was characterised by a strong dominance of China, whose share reached 73.6% of total flows, while other partners held relatively minor shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Imported optical fibre cable volumes in Greece increased for the second consecutive year. In 2020, Greece imported 12 629 K $ US, which is 20.6% more compared to 2019. Over the period 2017-2020, imports grew by 22.4%, with a compound annual growth rate of 7.0%. The minimum value was recorded in 2018 at 7 909 K $ US, with the largest decline of 23.3% that year, while the largest increase of 32.4% occurred in 2019.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017–2020, China, Austria, and the United Kingdom formed the core group of markets for imports in value terms, together representing 74.5% of total flows. China led with 58.9% of imports, followed by Austria at 8.7%, and the United Kingdom at 6.8%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020