Cyprus: Washing Machine Market 2020

Washing Machine Market Size in Cyprus

The revenue of the washing machine market in Cyprus amounted to $X in 2018, rising 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). Over the period under review, washing machine consumption, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Cyprus washing machine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Washing Machine Exports

Exports from Cyprus

In 2018, the exports of household washing and drying machines from Cyprus amounted to X units, jumping by X% against the previous year. Overall, washing machine exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, washing machine exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, washing machine exports amounted to $X in 2018. In general, washing machine exports continue to indicate a measured decline. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, washing machine exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Poland (X units), Thailand (X units) and Turkey (X units) were the largest exporters of household washing and drying machines, together generating X% of total exports. The following exporters - Germany (X units), Slovakia (X units), Italy (X units), Mexico (X units) and Russia (X units) - 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 Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, the largest washing machine markets from Cyprus were China ($X), Poland ($X) and Turkey ($X), with a combined X% share of total exports. These countries were followed by Thailand, Germany, Italy, Slovakia, Mexico, Russia and Cyprus, which together accounted for a further X the main exporting countries, Russia recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the washing machine export price in Cyprus amounted to $X per unit, falling by -X% against the previous year. In general, the washing machine export price continues to indicate a deep contraction. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. In that year, the export prices for household washing and drying machines reached their peak level of $X per unit. From 2012 to 2018, the growth in terms of the export prices for household washing and drying machines remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) 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 export price figures.

Washing Machine Imports

Imports into Cyprus

Washing machine imports into Cyprus stood at X units in 2018, surging by X% against the previous year. Overall, washing machine imports, however, continue to indicate a measured deduction. The most prominent rate of growth was recorded in 2018 when imports increased by 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, washing machine imports stood at $X in 2018. Over the period under review, washing machine imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Germany (X units), the UK (X units), France (X units), Japan (X units), Italy (X units), the U.S. (X units), Spain (X units), Australia (X units), Sweden (X units), the United Arab Emirates (X units), Russia (X units) and Venezuela (X units) were the key importers of household washing and drying machines in the world, making up X% 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 Venezuela, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Japan ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports.

In terms of the main importing countries, Japan experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The washing machine import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Overall, the washing machine import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2010 when the import price increased by X% y-o-y. In that year, the import prices for household washing and drying machines reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the import prices for household washing and drying machines remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform