Cyprus: Market for Ballasts For Discharge Lamps Or Tubes 2019

Market Size for Ballasts For Discharge Lamps Or Tubes in Cyprus

The revenue of the ballast for discharge lamp market in Cyprus amounted to $X in 2018, growing 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, ballast for discharge lamp consumption continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Cyprus ballast for discharge lamp consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Cyprus

Ballast for discharge lamp exports from Cyprus stood at X units in 2018, lowering by -X% against the previous year. Over the period under review, ballast for discharge lamp exports, however, continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. In that year, ballast for discharge lamp exports reached their peak of X units. From 2014 to 2018, the growth of ballast for discharge lamp exports remained at a somewhat lower figure.

In value terms, ballast for discharge lamp exports stood at $X in 2018. In general, ballast for discharge lamp exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Cyprus exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units) was the largest exporter of ballasts for discharge lamps or tubes, mixing up X% of total exports. Germany (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Poland (X%), Japan (X%) and Mexico (X%). Italy (X units), the U.S. (X units), China, Hong Kong SAR (X units), Thailand (X units) and India (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to ballast for discharge lamp exports from China stood at -X%. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%), the U.S. (-X%), Germany (-X%), Poland (-X%), Mexico (-X%), Thailand (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Thailand, Poland, Mexico, Germany, China, Hong Kong SAR and China decreased by -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ballast for discharge lamp supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2018, the ballast for discharge lamp export price in Cyprus amounted to $X per unit, growing by X% against the previous year. In general, the ballast for discharge lamp export price, however, continues to indicate a sharp deduction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices for ballasts for discharge lamps or tubes reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Cyprus

In 2018, approx. X units of ballasts for discharge lamps or tubes were imported into Cyprus; falling by -X% against the previous year. Overall, ballast for discharge lamp imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp imports stood at $X in 2018. Overall, ballast for discharge lamp imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, ballast for discharge lamp imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by China, Hong Kong SAR (X units), Germany (X units) and Mexico (X units) represented the main importers of ballasts for discharge lamps or tubes, together constituting X% of total imports. Russia (X units), the Czech Republic (X units), Italy (X units), Turkey (X units), France (X units), Hungary (X units), Canada (X units) and India (X units) followed a long way behind the leaders.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Hungary (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the Czech Republic (-X%), China, Hong Kong SAR (-X%), Russia (-X%), Canada (-X%), Mexico (-X%), Turkey (-X%), India (-X%), Germany (-X%), Italy (-X%) and France (-X%) illustrated a downward trend over the same period. Russia (-X p.p.), China, Hong Kong SAR (-X p.p.), India (-X p.p.), Turkey (-X p.p.), Mexico (-X p.p.), Italy (-X p.p.), France (-X p.p.), Germany (-X p.p.) and the U.S. (-X p.p.) significantly weakened 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, the U.S. ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the Czech Republic, with a X% share.

In the U.S., ballast for discharge lamp imports decreased by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (-X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

The ballast for discharge lamp import price in Cyprus stood at $X per unit in 2018, growing by X% against the previous year. Over the period under review, the ballast for discharge lamp import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for ballasts for discharge lamps or tubes attained 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 importing countries. In 2018, the country with the highest price was Canada ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform