Cyprus: Leather Market 2020

Leather Market Size in Cyprus

The revenue of the leather market in Cyprus amounted to $X in 2018, declining by -X% against the previous year. Overall, leather consumption continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the leather market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Leather Production in Cyprus

In value terms, leather production amounted to $X in 2018 estimated in export prices. Overall, leather production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when production volume increased by X% year-to-year. Cyprus leather production peaked in 2018 and is likely to see steady growth in the immediate term.

Leather Exports

Exports from Cyprus

Leather exports from Cyprus amounted to X tons in 2018, rising by X% against the previous year. Overall, leather exports, however, continue to indicate a deep curtailment. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, leather exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, leather exports stood at $X in 2018. Over the period under review, leather exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, leather exports attained their peak of $X. From 2015 to 2018, the growth of leather exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Italy (X tons) represented roughly X% of total exports of leathers in 2018. The U.S. (X tons) ranks next in terms of the total exports with a X% share, followed by Argentina (X%) and China, Hong Kong SAR (X%). The following exporters - Thailand (X tons), Taiwan, Chinese (X tons), Germany (X tons), China (X tons), India (X tons), Paraguay (X tons) and the UK (X tons) - 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 the UK, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest leather supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In Italy, leather exports decreased by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and China, Hong Kong SAR (-X% per year).

Export Prices by Country

In 2018, the leather export price in Cyprus amounted to $X per ton, approximately mirroring the previous year. In general, the leather export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% year-to-year. Cyprus export price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while Paraguay ($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.

Leather Imports

Imports into Cyprus

In 2018, the amount of leathers imported into Cyprus amounted to X tons, rising by X% against the previous year. In general, leather imports, however, continue to indicate an abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Cyprus imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, leather imports stood at $X in 2018. In general, leather imports, however, continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, leather imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons), distantly followed by Italy (X tons) and Vietnam (X tons) represented the key importers of leathers, together constituting X% of total imports. Thailand (X tons), China, Hong Kong SAR (X tons), Taiwan, Chinese (X tons), India (X tons), Mexico (X tons), Spain (X tons) and Portugal (X tons) occupied a relatively small 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 Thailand, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and China, Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Vietnam, Mexico, India, Thailand, Spain, Portugal, Taiwan, Chinese and Cyprus, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The leather import price in Cyprus stood at $X per ton in 2018, going up by X% against the previous year. Overall, the leather import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for leathers reached their maximum in 2018 and is expected to retain its growth in the immediate term.

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