Cyprus: Household Sewing Machine Market 2020

Household Sewing Machine Market Size in Cyprus

The revenue of the household sewing machine market in Cyprus amounted to $X in 2018, increasing by X% against the previous year. Overall, household sewing machine consumption, however, continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the household sewing machine market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Household Sewing Machine Production in Cyprus

In value terms, household sewing machine production stood at $X in 2018 estimated in export prices. In general, household sewing machine production, however, continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2015 when production volume increased by X% against the previous year. Over the period under review, household sewing machine production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Cyprus

In 2018, the amount of household sewing machines exported from Cyprus totaled X units, going up by X% against the previous year. Over the period under review, household sewing machine exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, household sewing machine exports attained their peak of X units. From 2011 to 2018, the growth of household sewing machine exports failed to regain its momentum.

In value terms, household sewing machine exports stood at $X in 2018. Overall, household sewing machine exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, household sewing machine exports reached their peak figure at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

Vietnam (X units) and China (X units) represented roughly X% of total exports of household sewing machines in 2018. Taiwan, Chinese (X units) ranks next in terms of the total exports with a X% share, followed by Thailand (X%) and Germany (X%). The following exporters - the Netherlands (X units) and India (X units) - each amounted to a X% share 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine markets from Cyprus were Vietnam ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. These countries were followed by Thailand, Germany, the Netherlands, India and Cyprus, which together accounted for a further X Netherlands experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The household sewing machine export price in Cyprus stood at $X per unit in 2018, declining by -X% against the previous year. In general, the household sewing machine export price continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. In that year, the export prices for household sewing machines reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for household sewing machines failed to regain its momentum.

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

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

Household Sewing Machine Imports

Imports into Cyprus

In 2018, the amount of household sewing machines imported into Cyprus stood at X units, jumping by X% against the previous year. Over the period under review, household sewing machine imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Cyprus imports peaked at X units in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, household sewing machine imports amounted to $X in 2018. Over the period under review, household sewing machine imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2014; however, from 2015 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), Japan (X units), the Netherlands (X units) and Russia (X units) were the major importers of household sewing machines, together generating X% of total imports. The following importers - Venezuela (X units), the UK (X units), Spain (X units), Poland (X units), France (X units), Bangladesh (X units) and Belgium (X units) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of household sewing machines imports. At the same time, Venezuela (+X%), the Netherlands (+X%), Poland (+X%), Germany (+X%), Belgium (+X%), Spain (+X%), Bangladesh (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Russia (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands, Germany, Venezuela and Poland increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest household sewing machine importing markets into Cyprus were the U.S. ($X), Germany ($X) and Japan ($X), with a combined X% share of total imports. Poland, France, the Netherlands, Russia, the UK, Spain, Belgium, Bangladesh, Cyprus and Venezuela lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The household sewing machine import price in Cyprus stood at $X per unit in 2018, therefore, remained relatively stable against the previous year. Overall, the household sewing machine import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% y-o-y. Over the period under review, the import prices for household sewing machines reached their maximum 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 Poland ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform