Cyprus: Aluminium Bar Market 2020

Aluminium Bar Market Size in Cyprus

The revenue of the aluminium bar market in Cyprus amounted to $X in 2018, increasing by X% against 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). Over the period under review, aluminium bar consumption continues to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, the aluminium bar market attained its peak level and is likely to continue its growth in the immediate term.

Aluminium Bar Exports

Exports from Cyprus

Aluminium bar exports from Cyprus stood at X tons in 2018, falling by -X% against the previous year. In general, aluminium bar exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, aluminium bar exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, aluminium bar exports totaled $X in 2018. Over the period under review, aluminium bar exports continue to indicate a sharp drop. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, aluminium bar exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China (X tons) and Mozambique (X tons) represented roughly X% of total exports of aluminium bars, rods and profiles in 2018. Germany (X tons) held the next position in the ranking, followed by Spain (X tons) and Italy (X tons). All these countries together held near X% share of total exports. The following exporters - Turkey (X tons), the U.S. (X tons), Austria (X tons), Greece (X tons), Belgium (X tons), the Netherlands (X tons) and Malaysia (X tons) - together made up X% 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 Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Mozambique ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Among the main exporting countries, Mozambique (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium bar export price in Cyprus stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the aluminium bar export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. In that year, the export prices for aluminium bars, rods and profiles attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for aluminium bars, rods and profiles remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Aluminium Bar Imports

Imports into Cyprus

In 2018, approx. X tons of aluminium bars, rods and profiles were imported into Cyprus; picking up by X% against the previous year. In general, aluminium bar imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, aluminium bar imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, aluminium bar imports stood at $X in 2018. In general, aluminium bar imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, aluminium bar imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tons), distantly followed by France (X tons) and the U.S. (X tons) were the key importers of aluminium bars, rods and profiles, together mixing up X% of total imports. The following importers - the UK (X tons), Spain (X tons), Belgium (X tons), Mexico (X tons), the Czech Republic (X tons), Vietnam (X tons), the Netherlands (X tons), Poland (X tons) and Austria (X tons) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Spain (+X%), Mexico (+X%), Poland (+X%), the Czech Republic (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The U.S., France, the Netherlands, the UK and Belgium experienced a relatively flat trend pattern. Germany (+X p.p.), Vietnam (+X p.p.), Spain (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. The UK, the Czech Republic, the Netherlands, Poland, Mexico, Belgium, Austria, Spain, Vietnam and Cyprus lagged somewhat behind, together comprising a further X the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The aluminium bar import price in Cyprus stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the aluminium bar import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform