Cyprus: Electro-Mechanical Tool Market 2020

Electro-Mechanical Tool Market Size in Cyprus

The revenue of the electro-mechanical tool 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, electro-mechanical tool consumption continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Cyprus electro-mechanical tool consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Electro-Mechanical Tool Exports

Exports from Cyprus

Electro-mechanical tool exports from Cyprus totaled X units in 2018, going down by -X% against the previous year. Over the period under review, electro-mechanical tool exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Cyprus exports peaked at X units in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, electro-mechanical tool exports stood at $X in 2018. Overall, electro-mechanical tool exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, electro-mechanical tool exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Germany (X units) and Mexico (X units), together creating a X% share of total exports. Belgium (X units), Austria (X units), Hungary (X units), Malaysia (X units), the Netherlands (X units), the U.S. (X units), Romania (X units) and the Czech Republic (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of electro-mechanical tools exports. At the same time, Romania (+X%), Austria (+X%), Malaysia (+X%), Hungary (+X%), the Netherlands (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium, Mexico and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. China (+X p.p.), Austria (+X p.p.), Hungary (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +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

The electro-mechanical tool export price in Cyprus stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the electro-mechanical tool export price continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2013 when the export price increased by X% year-to-year. Cyprus export price peaked at $X per unit in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

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. ($X per unit), while the Netherlands ($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.

Electro-Mechanical Tool Imports

Imports into Cyprus

In 2018, the imports of electro-mechanical tools into Cyprus amounted to X units, falling by -X% against the previous year. In general, electro-mechanical tool imports continue to indicate a measured slump. The most prominent rate of growth was recorded in 2011 with an increase of 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, electro-mechanical tool imports stood at $X in 2018. Overall, electro-mechanical tool imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Russia (X units), the UK (X units), France (X units) and the Netherlands (X units) represented the major importers of electro-mechanical tools, together making up X% of total imports. Belgium (X units), Poland (X units), Canada (X units), Australia (X units), Italy (X units) and Japan (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to electro-mechanical tool imports into the U.S. stood at +X%. At the same time, the Netherlands (+X%), Russia (+X%), Australia (+X%), Poland (+X%), Germany (+X%), the UK (+X%), Japan (+X%), Canada (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., electro-mechanical tool imports expanded at 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 France (+X% per year).

Import Prices by Country

In 2018, the electro-mechanical tool import price in Cyprus amounted to $X per unit, growing by X% against the previous year. Overall, the import price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, electro-mechanical tool import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the import prices for electro-mechanical tools attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the import prices for electro-mechanical tools remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform