Cyprus: Air Conditioning Machine Market 2020

Air Conditioning Machine Market Size in Cyprus

The revenue of the air conditioning machine market in Cyprus amounted to $X in 2018, falling by -X% against the previous year. In general, air conditioning machine consumption continues to indicate an abrupt slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Cyprus air conditioning machine consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Air Conditioning Machine Production in Cyprus

In value terms, air conditioning machine production totaled $X in 2018 estimated in export prices. Overall, air conditioning machine production, however, continues to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2013 when production volume increased by X% year-to-year. Cyprus air conditioning machine production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Air Conditioning Machine Exports

Exports from Cyprus

In 2018, the amount of air conditioning machines exported from Cyprus totaled X units, growing by X% against the previous year. In general, air conditioning machine exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, air conditioning machine exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, air conditioning machine exports amounted to $X in 2018. In general, air conditioning machine exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Cyprus exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of around X units, which amounted to X% of total exports. Thailand (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%). Malaysia (X units), Mexico (X units), South Korea (X units), Oman (X units), the U.S. (X units) and China, Hong Kong SAR (X units) followed a long way behind the leaders.

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

In value terms, China ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by South Korea, the U.S., Mexico, Italy, China, Hong Kong SAR, Oman and Cyprus, which together accounted for a further X the main exporting countries, Cyprus recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The air conditioning machine export price in Cyprus stood at $X per unit in 2018, shrinking by -X% against the previous year. Over the period under review, the air conditioning machine export price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, the export prices for air conditioning machines attained their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Cyprus

In 2018, the amount of air conditioning machines imported into Cyprus totaled X units, going down by -X% against the previous year. Over the period under review, air conditioning machine imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, air conditioning machine imports reached their peak figure at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, air conditioning machine imports totaled $X in 2018. In general, air conditioning machine imports continue to indicate a deep descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units), followed by Japan (X units) and Cambodia (X units) were the major importers of air conditioning machines, together creating X% of total imports. The following importers - Mexico (X units), Saudi Arabia (X units), India (X units), Vietnam (X units), the United Arab Emirates (X units), Spain (X units), Russia (X units), France (X units) and China, Hong Kong SAR (X units) - together made up X% 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 Cambodia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Japan ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Vietnam, France, India, Mexico, Spain, Russia, China, Hong Kong SAR, the United Arab Emirates, Cambodia and Cyprus, which together accounted for a further X terms of the main importing countries, Cambodia 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 air conditioning machine import price in Cyprus amounted to $X per unit, going down by -X% against the previous year. Overall, the air conditioning machine import price continues to indicate a deep drop. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform