Cyprus: Diagnostic Equipment Market 2020

Diagnostic Equipment Market Size in Cyprus

The revenue of the diagnostic equipment market in Cyprus amounted to $X in 2018, declining 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). In general, diagnostic equipment consumption continues to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Cyprus diagnostic equipment consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Diagnostic Equipment Exports

Exports from Cyprus

In 2018, the diagnostic equipment exports from Cyprus stood at X tons, rising by X% against the previous year. In general, diagnostic equipment exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, diagnostic equipment exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, diagnostic equipment exports amounted to $X in 2018. In general, diagnostic equipment exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, diagnostic equipment exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The countries with the highest levels of diagnostic equipment exports in 2018 were Germany (X tons), the U.S. (X tons) and China (X tons), together amounting to X% of total export. The Netherlands (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by the UK (X%) and Japan (X%). The following exporters - Italy (X tons), South Korea (X tons), Mexico (X tons), France (X tons) and Austria (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 China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

China recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diagnostic equipment export price in Cyprus stood at $X per ton in 2018, shrinking by -X% against the previous year. Over the period under review, the diagnostic equipment export price continues to indicate a drastic curtailment. 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 ton in 2013; however, from 2014 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 Japan ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Diagnostic Equipment Imports

Imports into Cyprus

In 2018, the imports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Cyprus amounted to X tons, dropping by -X% against the previous year. Overall, diagnostic equipment imports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. In that year, diagnostic equipment imports attained their peak of X tons. From 2016 to 2018, the growth of diagnostic equipment imports remained at a lower figure.

In value terms, diagnostic equipment imports totaled $X in 2018. In general, diagnostic equipment imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), the Netherlands (X tons) and Japan (X tons) represented the main importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, together creating X% of total imports. The following importers - France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Austria (X tons), India (X tons) and South Korea (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Austria (+X%), China (+X%), India (+X%), Italy (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. South Korea and France experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), China (+X p.p.) and Germany (+X p.p.) significantly strengthened 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. ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., diagnostic equipment imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the diagnostic equipment import price in Cyprus amounted to $X per ton, picking up by X% against the previous year. In general, the diagnostic equipment import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when the import price increased by X% year-to-year. In that year, the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus 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 China ($X per ton), while Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform