Cyprus: Machine-Tool For Drilling Market 2020

Machine-Tool For Drilling Market Size in Cyprus

The revenue of the machine-tool for drilling market in Cyprus amounted to $X in 2018, approximately mirroring 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, machine-tool for drilling consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. In that year, the machine-tool for drilling market reached its peak level of $X. From 2011 to 2018, the growth of the machine-tool for drilling market failed to regain its momentum.

Machine-Tool For Drilling Exports

Exports from Cyprus

In 2018, approx. X units of machine-tools for drilling, boring or milling metal were exported from Cyprus; rising by X% against the previous year. Overall, machine-tool for drilling exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, machine-tool for drilling exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, machine-tool for drilling exports totaled $X in 2018. Over the period under review, machine-tool for drilling exports continue to indicate a sharp setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, machine-tool for drilling exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) and Bangladesh (X units) represented the key exporters of machine-tools for drilling, boring or milling metalaround the world, together reaching approx. X% of total exports. Sierra Leone (X units) ranks next in terms of the total exports with a X% share, followed by the U.S. (X%) and the Netherlands (X%). Germany (X units), Israel (X units), Sri Lanka (X units), Italy (X units), Austria (X units) and Taiwan, Chinese (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 Sierra Leone (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for drilling markets from Cyprus were Germany ($X), Italy ($X) and China ($X), with a combined X% share of total exports. Taiwan, Chinese, the U.S., Austria, the Netherlands, Israel, Sierra Leone, Bangladesh, Sri Lanka and Cyprus lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Sierra Leone recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The machine-tool for drilling export price in Cyprus stood at $X per unit in 2018, dropping by -X% against the previous year. Over the period under review, the machine-tool for drilling export price continues to indicate a sharp decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices for machine-tools for drilling, boring or milling metal attained their peak figure at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while Bangladesh ($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.

Machine-Tool For Drilling Imports

Imports into Cyprus

In 2018, approx. X units of machine-tools for drilling, boring or milling metal were imported into Cyprus; remaining relatively unchanged against the previous year. In general, machine-tool for drilling imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, machine-tool for drilling imports attained their peak of X units. From 2011 to 2018, the growth of machine-tool for drilling imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports stood at $X in 2018. Over the period under review, machine-tool for drilling imports continue to indicate a deep reduction. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the UK (X units) represented the key importer of machine-tools for drilling, boring or milling metal, achieving X% of total imports. It was distantly followed by the U.S. (X units) and Greece (X units), together generating a X% share of total imports. Germany (X units), Poland (X units), Zambia (X units), Maldives (X units), Austria (X units) and Canada (X units) followed a long way behind the leaders.

Imports into the UK increased at an average annual rate of +X% from 2007 to 2018. At the same time, Maldives (+X%), Zambia (+X%), Greece (+X%), Austria (+X%), Poland (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the UK, the U.S., Greece, Zambia, Maldives and Poland increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Canada (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for drilling importing markets into Cyprus were the U.S. ($X), Germany ($X) and the UK ($X), together accounting for X% of total imports. Poland, Canada, Austria, Greece, Zambia, Maldives and Cyprus lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the machine-tool for drilling import price in Cyprus amounted to $X per unit, lowering by -X% against the previous year. In general, the machine-tool for drilling import price continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Cyprus import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform