Cyprus: Acyclic Hydrocarbons Market 2020

Acyclic Hydrocarbons Market Size in Cyprus

The revenue of the acyclic hydrocarbons market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, acyclic hydrocarbons consumption continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. In that year, the acyclic hydrocarbons market attained its peak level of $X. From 2014 to 2018, the growth of the acyclic hydrocarbons market remained at a somewhat lower figure.

Acyclic Hydrocarbons Production in Cyprus

In value terms, acyclic hydrocarbons production amounted to $X in 2018 estimated in export prices. Overall, acyclic hydrocarbons production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. In that year, acyclic hydrocarbons production attained its peak level of $X. From 2014 to 2018, acyclic hydrocarbons production growth remained at a lower figure.

Acyclic Hydrocarbons Exports

Exports from Cyprus

Acyclic hydrocarbons exports from Cyprus amounted to X tons in 2018, lowering by -X% against the previous year. Over the period under review, acyclic hydrocarbons exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2011 with a decrease of -X% against the previous year. Over the period under review, acyclic hydrocarbons exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, acyclic hydrocarbons exports stood at $X in 2018. Overall, acyclic hydrocarbons exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2013 with a decrease of -X% y-o-y. Over the period under review, acyclic hydrocarbons exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, the U.S. (X tons) and South Korea (X tons) were the main exporters of acyclic hydrocarbonsacross the globe, together generating X% of total exports. The Netherlands (X tons) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Russia (X%), the UK (X%), Belgium (X%) and Germany (X%). Japan (X tons), India (X tons), Canada (X tons), Singapore (X tons) and Thailand (X tons) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons markets from Cyprus were South Korea ($X), the Netherlands ($X) and the U.S. ($X), together accounting for X% of total exports. The UK, Belgium, Germany, Japan, India, Singapore, Russia, Canada, Thailand and Cyprus lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the acyclic hydrocarbons export price in Cyprus amounted to $X per ton, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. In that year, the export prices for acyclic hydrocarbons reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Singapore ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports into Cyprus

Acyclic hydrocarbons imports into Cyprus totaled X tons in 2018, shrinking by -X% against the previous year. Overall, acyclic hydrocarbons imports continue to indicate a mild deduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, acyclic hydrocarbons imports attained their peak of X tons, and then declined slightly in the following year.

In value terms, acyclic hydrocarbons imports amounted to $X in 2018. Over the period under review, the total imports indicated a slight expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, acyclic hydrocarbons imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, acyclic hydrocarbons imports attained their maximum at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the three major importers of acyclic hydrocarbons, namely China, Belgium and the U.S., represented more than third of total import. India (X tons) ranks next in terms of the total imports with a X% share, followed by the Netherlands (X%), Germany (X%) and Taiwan, Chinese (X%). The following importers - Indonesia (X tons), France (X tons), Saudi Arabia (X tons), Canada (X tons) and Sweden (X tons) - each reached a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports.

Among the main importing countries, China experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the acyclic hydrocarbons import price in Cyprus amounted to $X per ton, increasing by X% against the previous year. In general, the acyclic hydrocarbons import price continues to indicate a conspicuous increase. The pace of growth was the most pronounced in 2018 when the import price increased by X% year-to-year. Over the period under review, the import prices for acyclic hydrocarbons reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform