Cyprus: Heterocyclic Compound Market 2020

Heterocyclic Compound Market Size in Cyprus

The revenue of the heterocyclic compound market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, heterocyclic compound consumption decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. In that year, the heterocyclic compound market attained its peak level of $X. From 2014 to 2018, the growth of the heterocyclic compound market remained at a lower figure.

Heterocyclic Compound Production in Cyprus

In value terms, heterocyclic compound production totaled $X in 2018 estimated in export prices. Over the period under review, heterocyclic compound production continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Cyprus heterocyclic compound production peaked in 2018 and is likely to continue its growth in the near future.

Heterocyclic Compound Exports

Exports from Cyprus

Heterocyclic compound exports from Cyprus amounted to X tons in 2018, falling by -X% against the previous year. Overall, heterocyclic compound exports continue to indicate a moderate slump. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Cyprus exports peaked at X tons in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, heterocyclic compound exports totaled $X in 2018. Overall, heterocyclic compound exports continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Cyprus exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the major exporter of heterocyclic compounds in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. The U.S. (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by India (X%), Germany (X%) and the UK (X%). The following exporters - France (X tons), Japan (X tons), Ireland (X tons) and Italy (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the heterocyclic compounds exports, with a CAGR of +X% from 2007 to 2018. At the same time, Ireland (+X%), France (+X%), Italy (+X%), Germany (+X%) and India (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.), Germany (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global exports, while Japan 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, the largest heterocyclic compound markets from Cyprus were Ireland ($X), China ($X) and the U.S. ($X), together comprising X% of total exports. These countries were followed by Germany, India, France, Italy, Japan, the UK and Cyprus, which together accounted for a further X 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 heterocyclic compound export price in Cyprus stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the heterocyclic compound export price continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Cyprus export price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while China ($X per ton) was amongst the lowest.

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

Heterocyclic Compound Imports

Imports into Cyprus

In 2018, the amount of heterocyclic compounds imported into Cyprus amounted to X tons, dropping by -X% against the previous year. Overall, heterocyclic compound imports continue to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Cyprus imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, heterocyclic compound imports totaled $X in 2018. Overall, heterocyclic compound imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

The imports of the twelve major importers of heterocyclic compounds, namely the U.S., India, Indonesia, Brazil, the UK, China, France, Mexico, Australia, Belgium, Germany and Argentina, represented more than two-thirds 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 Indonesia, while the other leaders experienced more modest paces of growth.

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

In Germany, heterocyclic compound 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: Belgium (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The heterocyclic compound import price in Cyprus stood at $X per ton in 2018, surging by X% against the previous year. In general, the heterocyclic compound import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Cyprus import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Indonesia ($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 more modest paces of growth.

Source: IndexBox Platform