Cyprus: Market for Machine Tools For Working Metal 2019

Market Size for Machine Tools For Working Metal in Cyprus

The revenue of the machine-tool for working metal 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, machine-tool for working metal consumption continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Cyprus machine-tool for working metal consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Cyprus

In 2018, the amount of machine tools for working metal exported from Cyprus stood at X units, increasing by X% against the previous year. Overall, machine-tool for working metal exports continue to indicate a prominent increase. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, machine-tool for working metal exports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, machine-tool for working metal exports stood at $X in 2018. In general, machine-tool for working metal exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, machine-tool for working metal exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China was the major exporting country with an export of around X units, which amounted to X% of total exports. Yemen (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - Italy (X units), Oman (X units), Japan (X units), Jordan (X units), Taiwan, Chinese (X units), the UK (X units), Germany (X units), the U.S. (X units) and Slovakia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Oman (+X%), Jordan (+X%), Yemen (+X%), the United Arab Emirates (+X%), Slovakia (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and the U.S. experienced a relatively flat trend pattern. By contrast, the UK (-X%), Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Yemen (+X p.p.), the United Arab Emirates (+X p.p.), Oman (+X p.p.), Jordan (+X p.p.), Slovakia (+X p.p.) and Taiwan, Chinese (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), Germany (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working metal markets from Cyprus were Germany ($X), Italy ($X) and Japan ($X), with a combined X% share of total exports. These countries were followed by China, the U.S., Taiwan, Chinese, the UK, Slovakia, the United Arab Emirates, Yemen, Cyprus, Jordan and Oman, which together accounted for a further X terms of the main exporting countries, Oman recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The machine-tool for working metal export price in Cyprus stood at $X per unit in 2018, declining by -X% against the previous year. Over the period under review, the machine-tool for working metal export price continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2013 when the export price increased by X% year-to-year. Over the period under review, the export prices for machine tools for working metal reached their maximum at $X per unit in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

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

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

Imports of Machine Tools For Working Metal

Imports into Cyprus

In 2018, the machine-tool for working metal imports into Cyprus amounted to X units, coming down by -X% against the previous year. In general, machine-tool for working metal imports continue to indicate a significant decrease. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, machine-tool for working metal imports reached their maximum at X units in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, machine-tool for working metal imports totaled $X in 2018. In general, machine-tool for working metal imports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The Philippines dominates machine-tool for working metal imports structure, finishing at X units, which was approx. X% of total imports in 2018. The U.S. (X units), China (X units), Canada (X units), the UK (X units) and Thailand (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of +X% from 2007 to 2018. At the same time, China (+X%), the U.S. (+X%) and Canada (+X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Philippines, China and the U.S. increased by +X%, +X% and +X% percentage points, while the UK (-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 working metal importing markets into Cyprus were China ($X), the U.S. ($X) and Thailand ($X), together comprising X% of total imports. These countries were followed by Canada, the UK, the Philippines and Cyprus, which together accounted for a further X Philippines experienced the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The machine-tool for working metal import price in Cyprus stood at $X per unit in 2018, going up by X% against the previous year. Overall, the machine-tool for working metal import price, however, continues to indicate an abrupt shrinkage. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Cyprus import price peaked at $X per unit in 2007; however, from 2008 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 China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform