Cyprus: Plastic Furniture Market 2020

Plastic Furniture Market Size in Cyprus

The revenue of the plastic furniture market in Cyprus amounted to $X in 2018, waning by -X% against the previous year. In general, plastic furniture consumption continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Cyprus plastic furniture consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Plastic Furniture Production in Cyprus

In value terms, plastic furniture production amounted to $X in 2018 estimated in export prices. In general, plastic furniture production, however, continues to indicate a deep descent. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Cyprus plastic furniture production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Plastic Furniture Exports

Exports from Cyprus

In 2018, the amount of furniture of plastic exported from Cyprus stood at X tons, lowering by -X% against the previous year. In general, plastic furniture exports continue to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Cyprus exports peaked at X tons in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, plastic furniture exports totaled $X in 2018. Over the period under review, plastic furniture exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Cyprus exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

China was the largest exporter of furniture of plastic in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2018. Italy (X tons) occupied the second position in the ranking, followed by Israel (X tons). All these countries together occupied near X% share of total exports. Canada (X tons), Turkey (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons) and the U.S. (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Turkey (+X%), Spain (+X%), Israel (+X%) and Canada (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), Israel (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The plastic furniture export price in Cyprus stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the plastic furniture export price continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2012 when the export price increased by X% against the previous year. Over the period under review, the export prices for furniture of plastic attained their maximum at $X per ton in 2009; however, from 2010 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 U.S. ($X per ton), while Turkey ($X per ton) 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.

Plastic Furniture Imports

Imports into Cyprus

Plastic furniture imports into Cyprus stood at X tons in 2018, lowering by -X% against the previous year. In general, plastic furniture imports continue to indicate an abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Cyprus imports peaked at X tons in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, plastic furniture imports stood at $X in 2018. In general, plastic furniture imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, plastic furniture imports attained their maximum at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the main importing country with an import of around X tons, which finished at X% of total imports. France (X tons) took the second position in the ranking, followed by the UK (X tons). All these countries together held approx. X% share of total imports. Canada (X tons), Germany (X tons), Spain (X tons), Saudi Arabia (X tons), Australia (X tons), the Philippines (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Saudi Arabia (+X%), Australia (+X%), Canada (+X%), the Netherlands (+X%), the UK (+X%), France (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Canada (+X p.p.), France (+X p.p.), the Philippines (+X p.p.) and Saudi Arabia (+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. ($X) constitutes the largest market for imported furniture of plastic into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by France ($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. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the plastic furniture import price in Cyprus amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the plastic furniture import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, the import prices for furniture of plastic reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform