Cyprus: Laser Market 2020

Laser Market Size in Cyprus

The revenue of the laser market in Cyprus amounted to $X in 2018, standing approx. at the previous year. Overall, laser consumption, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. In that year, the laser market reached its peak level of $X, leveling off in the following year.

Laser Production in Cyprus

In value terms, laser production totaled $X in 2018 estimated in export prices. Over the period under review, laser production, however, continues to indicate a slight descent. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. Over the period under review, laser production attained its peak figure level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Laser Exports

Exports from Cyprus

In 2018, approx. X units of lasers, other than laser diodes were exported from Cyprus; rising by X% against the previous year. In general, laser exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, laser exports attained their peak of X units. From 2017 to 2018, the growth of laser exports remained at a lower figure.

In value terms, laser exports stood at $X in 2018. Over the period under review, laser exports continue to indicate a dramatic reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. In that year, laser exports attained their peak of $X. From 2016 to 2018, the growth of laser exports failed to regain its momentum.

Exports by Country

China, Hong Kong SAR (X units) and China (X units) were the major exporters of lasers, other than laser diodes in 2018, finishing at near X% and X% of total exports, respectively. Taiwan, Chinese (X units) ranks next in terms of the total exports with a X% share, followed by Japan (X%).

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Japan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Taiwan, Chinese and Cyprus, which together accounted for a further X the main exporting countries, Taiwan, Chinese recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The laser export price in Cyprus stood at $X per unit in 2018, going down by -X% against the previous year. Overall, the laser export price continues to indicate a precipitous decline. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. Cyprus export price peaked at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

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

Laser Imports

Imports into Cyprus

In 2018, the amount of lasers, other than laser diodes imported into Cyprus stood at X units, waning by -X% against the previous year. In general, laser imports continue to indicate a sharp decline. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, laser imports attained their peak figure at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, laser imports totaled $X in 2018. In general, laser imports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. In that year, laser imports reached their peak of $X. From 2011 to 2018, the growth of laser imports remained at a somewhat lower figure.

Imports by Country

China (X units), China, Hong Kong SAR (X units) and Vietnam (X units) represented roughly X% of total imports of lasers, other than laser diodes in 2018. It was distantly followed by the U.S. (X units) and Luxembourg (X units), together mixing up a X% share of total imports. Argentina (X units) and Japan (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Luxembourg (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported lasers, other than laser diodes into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Japan (+X% per year).

Import Prices by Country

The laser import price in Cyprus stood at $X per unit in 2018, going up by X% against the previous year. In general, the laser import price continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. In that year, the import prices for lasers, other than laser diodes reached their peak level of $X per unit. From 2013 to 2018, the growth in terms of the import prices for lasers, other than laser diodes remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform