Cyprus: Bread And Bakery Market 2020

Bread And Bakery Market Size in Cyprus

The revenue of the bread and bakery market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Overall, bread and bakery consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, the bread and bakery market reached its peak level of $X. From 2009 to 2018, the growth of the bread and bakery market remained at a lower figure.

Bread And Bakery Production in Cyprus

In value terms, bread and bakery production stood at $X in 2018 estimated in export prices. Over the period under review, bread and bakery production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, bread and bakery production attained its maximum level at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Bread And Bakery Exports

Exports from Cyprus

In 2018, the exports of bread and bakery from Cyprus stood at X tons, rising by X% against the previous year. Overall, bread and bakery exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Cyprus exports peaked at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, bread and bakery exports stood at $X in 2018. In general, bread and bakery exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, bread and bakery exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, Germany (X tons), followed by Belgium (X tons), France (X tons), Canada (X tons), Mexico (X tons), the U.S. (X tons), the Netherlands (X tons), Poland (X tons) and Italy (X tons) were the main exporters of bread and bakery, together achieving X% of total exports. The following exporters - Spain (X tons), Turkey (X tons) and the UK (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 Mexico, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by France, Belgium, the Netherlands, the U.S., Poland, Mexico, the UK, Spain, Turkey and Cyprus, which together accounted for a further X terms of the main exporting countries, Mexico 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 bread and bakery 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 bread and bakery export price, however, continues to indicate a temperate contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Mexico ($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.

Bread And Bakery Imports

Imports into Cyprus

In 2018, approx. X tons of bread and bakery were imported into Cyprus; jumping by X% against the previous year. Over the period under review, the total imports indicated strong growth from 2007 to 2018: its volume increased 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, bread and bakery imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, bread and bakery imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, bread and bakery imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Cyprus imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), followed by the UK (X tons), Germany (X tons) and France (X tons) were the key importers of bread and bakery, together mixing up X% of total imports. The following importers - the Netherlands (X tons), Canada (X tons), Belgium (X tons), Italy (X tons), Spain (X tons), China (X tons), Ireland (X tons) and Australia (X tons) - 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 China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported bread and bakery into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Germany (+X% per year).

Import Prices by Country

The bread and bakery import price in Cyprus stood at $X per ton in 2018, going up by X% against the previous year. In general, the bread and bakery import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Over the period under review, the import prices for bread and bakery attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Ireland ($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.

Source: IndexBox Platform