Cyprus: Loudspeaker Market 2020

Loudspeaker Market Size in Cyprus

The revenue of the loudspeaker 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). In general, loudspeaker consumption, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the loudspeaker market reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Loudspeaker Exports

Exports from Cyprus

In 2018, approx. X units of loudspeakers were exported from Cyprus; jumping by X% against the previous year. Overall, loudspeaker exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Cyprus exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, loudspeaker exports amounted to $X in 2018. Overall, loudspeaker exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, loudspeaker exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, China (X units) and Vietnam (X units) were the largest exporters of loudspeakersin the world, together amounting to approx. X% of total exports. It was distantly followed by China, Hong Kong SAR (X units), comprising a X% share of total exports. Singapore (X units), Mexico (X units), Germany (X units), the U.S. (X units), Belgium (X units), Indonesia (X units), Hungary (X units), Malaysia (X units) and Poland (X units) followed a long way behind the leaders.

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

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

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the loudspeaker export price in Cyprus amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the loudspeaker export price continues to indicate a deep drop. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. In that year, the export prices for loudspeakers reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for loudspeakers remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Vietnam ($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, while the other leaders experienced more modest paces of growth.

Loudspeaker Imports

Imports into Cyprus

Loudspeaker imports into Cyprus amounted to X units in 2018, increasing by X% against the previous year. Over the period under review, loudspeaker imports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. In that year, loudspeaker imports attained their peak of X units. From 2011 to 2018, the growth of loudspeaker imports remained at a lower figure.

In value terms, loudspeaker imports totaled $X in 2018. Overall, loudspeaker imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. In that year, loudspeaker imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

China, Hong Kong SAR (X units), China (X units) and India (X units) represented roughly X% of total imports of loudspeakers in 2018. The U.S. (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Germany (X%). The following importers - Mexico (X units), Brazil (X units), Malaysia (X units), Singapore (X units), Japan (X units), Poland (X units) and South Korea (X units) - together made up X% 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported loudspeakers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the loudspeaker import price in Cyprus amounted to $X per unit, rising by X% against the previous year. Over the period under review, the loudspeaker import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, the import prices for loudspeakers reached their maximum at $X per unit in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform