Cyprus: Smoothing Iron Market 2020

Smoothing Iron Market Size in Cyprus

The revenue of the smoothing iron market in Cyprus amounted to $X in 2018, rising 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, smoothing iron consumption, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Cyprus smoothing iron consumption peaked in 2018 and is likely to see steady growth in the near future.

Smoothing Iron Exports

Exports from Cyprus

Smoothing iron exports from Cyprus stood at X units in 2018, going up by X% against the previous year. In general, smoothing iron exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, smoothing iron exports attained their maximum at X units in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, smoothing iron exports totaled $X in 2018. In general, smoothing iron exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, smoothing iron exports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X units, which amounted to X% of total exports. Indonesia (X units) ranks second in terms of the total exports with a X% share, followed by France (X%) and Germany (X%). Singapore (X units), the Netherlands (X units), Hungary (X units), Spain (X units) and Italy (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to smoothing iron exports from China stood at -X%. At the same time, the Netherlands (+X%), Indonesia (+X%), Hungary (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Germany (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Indonesia and the Netherlands increased by +X% and +X% percentage points, while Germany (-X p.p.), Singapore (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smoothing iron supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at -X%. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and France (+X% per year).

Export Prices by Country

The smoothing iron export price in Cyprus stood at $X per unit in 2018, waning by -X% against the previous year. Overall, the smoothing iron export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Cyprus export price peaked at $X per unit in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Smoothing Iron Imports

Imports into Cyprus

Smoothing iron imports into Cyprus totaled X units in 2018, standing approx. at the previous year. Over the period under review, smoothing iron imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. In that year, smoothing iron imports reached their peak of X units, leveling off in the following year.

In value terms, smoothing iron imports stood at $X in 2018. In general, smoothing iron imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, smoothing iron imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), Germany (X units), Russia (X units), France (X units), the Netherlands (X units), the UK (X units), Mexico (X units), Italy (X units), South Africa (X units), the United Arab Emirates (X units), Turkey (X units) and Brazil (X units) represented the major importers of electric smoothing irons in the world, generating X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. Russia, France, the UK, the Netherlands, the United Arab Emirates, Turkey, Mexico, Brazil, South Africa and Cyprus lagged somewhat behind, together accounting for a further X terms of the main importing countries, the Netherlands experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The smoothing iron import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Over the period under review, the smoothing iron import price, however, continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Cyprus import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while South Africa ($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