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The British commodity research institute CRU recently released the 2018 global optical fiber and cable industry market report that 2018 is a difficult year, the global optical cable market growth slowed down, with a year-on-year growth rate of only 4%, the lowest year-on-year growth rate since 2003, mainly due to flat demand in the Chinese market
.
The growth of the world fiber optic cable market slowed down, growing by only 4%
in 2018.
This is the lowest year-on-year growth rate
since 2003.
The slowdown was due to flat Chinese markets
.
In 2018, fixed broadband subscriptions exceeded the 1 billion level, but this is also an annual low; The Chinese market contracted
for the first time in 16 years.
In fact, China's economic slowdown has affected global demand for fiber optic cables, with only 4% growth
in 2018 after four consecutive years of double-digit growth.
World preform production capacity increased in 2018, i.
e.
some producers in China expanded their operations
.
This growth, combined with flat market demand, resulted in a two-year fiber shortage ending
in mid-2018.
China Mobile (CM), the world's largest cable customer, had fewer orders than it had tendered in the first half of 2018 and did not bid
in the second half of the year.
This is the main reason why
China's demand did not grow in 2018.
According to trade statistics reported in dollars, U.
S.
tariffs on Chinese-made cables and assemblies have little impact
on the volume of exports from China to the United States.
Meanwhile, Prysmian completed the acquisition
of Universal Cable in the middle of the year.
Prysmian said in its third quarter results report in November that the merger was proceeding as planned and achieved the expected synergies
.
The British commodity research institute CRU recently released the 2018 global optical fiber and cable industry market report that 2018 is a difficult year, the global optical cable market growth slowed down, with a year-on-year growth rate of only 4%, the lowest year-on-year growth rate since 2003, mainly due to flat demand in the Chinese market
.
The growth of the world fiber optic cable market slowed down, growing by only 4%
in 2018.
This is the lowest year-on-year growth rate
since 2003.
The slowdown was due to flat Chinese markets
.
In 2018, fixed broadband subscriptions exceeded the 1 billion level, but this is also an annual low; The Chinese market contracted
for the first time in 16 years.
In fact, China's economic slowdown has affected global demand for fiber optic cables, with only 4% growth
in 2018 after four consecutive years of double-digit growth.
World preform production capacity increased in 2018, i.
e.
some producers in China expanded their operations
.
This growth, combined with flat market demand, resulted in a two-year fiber shortage ending
in mid-2018.
China Mobile (CM), the world's largest cable customer, had fewer orders than it had tendered in the first half of 2018 and did not bid
in the second half of the year.
This is the main reason why
China's demand did not grow in 2018.
According to trade statistics reported in dollars, U.
S.
tariffs on Chinese-made cables and assemblies have little impact
on the volume of exports from China to the United States.
Meanwhile, Prysmian completed the acquisition
of Universal Cable in the middle of the year.
Prysmian said in its third quarter results report in November that the merger was proceeding as planned and achieved the expected synergies
.
