Cyprus: Aluminium Tube Market 2020

Aluminium Tube Market Size in Cyprus

The revenue of the aluminium tube market in Cyprus amounted to $X in 2018, dropping 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). Overall, aluminium tube consumption continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the aluminium tube market reached its peak level of $X. From 2013 to 2018, the growth of the aluminium tube market failed to regain its momentum.

Aluminium Tube Exports

Exports from Cyprus

In 2018, approx. X kg of aluminium tubes, pipes and tube or pipe fittings were exported from Cyprus; declining by -X% against the previous year. In general, aluminium tube exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, aluminium tube exports reached their peak of X kg, and then declined slightly in the following year.

In value terms, aluminium tube exports stood at $X in 2018. Overall, aluminium tube exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Cyprus exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons) and Germany (X tons) represented the key exporters of aluminium tubes, pipes and tube or pipe fittings, together generating X% of total exports. Italy (X tons), Belgium (X tons), South Africa (X tons), Denmark (X tons), Greece (X tons), South Korea (X tons), Mexico (X tons), Japan (X tons) and Turkey (X tons) 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 Greece, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube markets from Cyprus were China ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Italy, South Africa, Belgium, Denmark, South Korea, Japan, Mexico, Turkey, Greece and Cyprus, which together accounted for a further X the main exporting countries, Greece experienced 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

In 2018, the aluminium tube export price in Cyprus amounted to $X per ton, leveling off at the previous year. Over the period under review, the aluminium tube export price continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices for aluminium tubes, pipes and tube or pipe fittings attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Greece ($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 more modest paces of growth.

Aluminium Tube Imports

Imports into Cyprus

In 2018, the amount of aluminium tubes, pipes and tube or pipe fittings imported into Cyprus amounted to X tons, shrinking by -X% against the previous year. Overall, aluminium tube imports continue to indicate a deep descent. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, aluminium tube imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, aluminium tube imports amounted to $X in 2018. In general, aluminium tube imports continue to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. In that year, aluminium tube imports attained their peak of $X. From 2013 to 2018, the growth of aluminium tube imports remained at a lower figure.

Imports by Country

Germany (X tons) and Mexico (X tons) were the key importers of aluminium tubes, pipes and tube or pipe fittings in 2018, accounting for approx. X% and X% of total imports, respectively. The U.S. (X tons) held the next position in the ranking, followed by the Czech Republic (X tons) and France (X tons). All these countries together held near X% share of total imports. Poland (X tons), Canada (X tons), the UK (X tons), India (X tons), the Netherlands (X tons), Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

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, the largest aluminium tube importing markets into Cyprus were Mexico ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. The Czech Republic, France, Canada, the UK, Poland, India, the Netherlands, Thailand, Malaysia and Cyprus lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the aluminium tube import price in Cyprus amounted to $X per ton, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the import price increased by X% year-to-year. Cyprus import price peaked in 2018 and is expected to retain its growth in the near future.

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

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

Source: IndexBox Platform