Cyprus: Wire And Cable Market 2020

Wire And Cable Market Size in Cyprus

The revenue of the wire and cable market in Cyprus amounted to $X in 2018, growing 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, wire and cable consumption, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Cyprus wire and cable consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Wire And Cable Exports

Exports from Cyprus

Wire and cable exports from Cyprus totaled X tons in 2018, surging by X% against the previous year. In general, wire and cable exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, wire and cable exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, wire and cable exports totaled $X in 2018. In general, wire and cable exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, wire and cable exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and the U.S. (X%). Italy (X tons), Turkey (X tons), Romania (X tons), the Czech Republic (X tons), Spain (X tons), South Korea (X tons), Poland (X tons) and China, Hong Kong SAR (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Romania (+X%), Turkey (+X%), the Czech Republic (+X%), Spain (+X%), Mexico (+X%) and South Korea (+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. Italy, Germany and the U.S. experienced a relatively flat trend pattern. By contrast, Poland (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Romania increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wire and cable markets from Cyprus were China ($X), Mexico ($X) and Germany ($X), with a combined X% share of total exports. The U.S., Romania, China, Hong Kong SAR, Italy, the Czech Republic, Poland, South Korea, Spain, Turkey and Cyprus lagged somewhat behind, together comprising a further X terms of the main exporting countries, Cyprus recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wire and cable export price in Cyprus stood at $X per ton in 2018, dropping by -X% against the previous year. Over the period under review, the wire and cable export price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Over the period under review, the export prices for insulated wire and cable attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

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

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

Wire And Cable Imports

Imports into Cyprus

In 2018, the amount of insulated wire and cable imported into Cyprus stood at X tons, increasing by X% against the previous year. Overall, wire and cable imports, however, continue to indicate a measured shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, wire and cable imports attained their peak figure at X tons in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, wire and cable imports stood at $X in 2018. In general, wire and cable imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, wire and cable imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. (X tons) and Germany (X tons) were the largest importers of insulated wire and cable in 2018, reaching approx. X% and X% of total imports, respectively. Mexico (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the UK (X%). France (X tons), Japan (X tons), China, Hong Kong SAR (X tons), China (X tons), the Czech Republic (X tons), Canada (X tons), Taiwan, Chinese (X tons) and Spain (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable importing markets into Cyprus were the U.S. ($X), Germany ($X) and Japan ($X), together accounting for X% of total imports. Mexico, the UK, France, China, China, Hong Kong SAR, Canada, Spain, the Czech Republic, Taiwan, Chinese and Cyprus lagged somewhat behind, together accounting for a further X the main importing countries, the Czech Republic experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wire and cable import price in Cyprus amounted to $X per ton, growing by X% against the previous year. In general, the wire and cable import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. In that year, the import prices for insulated wire and cable reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for insulated wire and cable remained at a somewhat lower figure.

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

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

Source: IndexBox Platform