Cyprus: Diesel Engine Market 2020

Diesel Engine Market Size in Cyprus

The revenue of the diesel engine market in Cyprus amounted to $X in 2018, surging 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, diesel engine consumption continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Cyprus diesel engine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Diesel Engine Exports

Exports from Cyprus

In 2018, the amount of diesel engines (other than for motor vehicles and aircraft) exported from Cyprus totaled X units, picking up by X% against the previous year. Overall, diesel engine exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. In that year, diesel engine exports attained their peak of X units. From 2013 to 2018, the growth of diesel engine exports remained at a lower figure.

In value terms, diesel engine exports stood at $X in 2018. Over the period under review, diesel engine exports continue to indicate a deep downturn. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, diesel engine exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, China (X units) and Japan (X units) were the largest exporters of diesel engines (other than for motor vehicles and aircraft)around the world, together comprising X% of total exports. It was distantly followed by Germany (X units) and France (X units), together constituting a X% share of total exports. The following exporters - the U.S. (X units), Italy (X units), Yemen (X units), South Korea (X units), the UK (X units), India (X units), Sweden (X units) and the Netherlands (X units) - 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 Yemen (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the U.S., China, France, Italy, South Korea, Sweden, India, the Netherlands, Yemen and Cyprus, which together accounted for a further X terms of the main exporting countries, Yemen 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

The diesel engine export price in Cyprus stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the diesel engine export price continues to indicate a precipitous drop. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per unit in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while Yemen ($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 UK, while the other leaders experienced more modest paces of growth.

Diesel Engine Imports

Imports into Cyprus

In 2018, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Cyprus totaled X units, reducing by -X% against the previous year. Over the period under review, diesel engine imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, diesel engine imports amounted to $X in 2018. In general, diesel engine imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, diesel engine imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) was the key importer of diesel engines (other than for motor vehicles and aircraft), generating X% of total imports. It was distantly followed by South Korea (X units), the United Arab Emirates (X units), the Philippines (X units), the U.S. (X units) and Myanmar (X units), together mixing up a X% share of total imports. The UK (X units), India (X units), Singapore (X units), Italy (X units) and France (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), South Korea (+X%), Singapore (+X%), the Philippines (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. India and Italy experienced a relatively flat trend pattern. By contrast, the UK (-X%), France (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the United Arab Emirates, South Korea, the Philippines and Singapore increased by +X%, +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.), France (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), China ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by the UK, France, South Korea, Singapore, India, the Philippines, the United Arab Emirates, Myanmar and Cyprus, which together accounted for a further X the main importing countries, the Philippines recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the diesel engine import price in Cyprus amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the diesel engine import price continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. In that year, the import prices for diesel engines (other than for motor vehicles and aircraft) reached 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 the U.S. ($X per unit), while Myanmar ($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 U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform