Cyprus: Market for Machine-Tools For Working Wood 2019

Market Size for Machine-Tools For Working Wood in Cyprus

The revenue of the machine-tool for working wood market in Cyprus amounted to $X in 2018, jumping 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, machine-tool for working wood consumption, however, continues to indicate a moderate deduction. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the machine-tool for working wood market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Cyprus

In 2018, the machine-tool for working wood exports from Cyprus stood at X units, lowering by -X% against the previous year. Over the period under review, machine-tool for working wood exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, machine-tool for working wood exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports stood at $X in 2018. Over the period under review, machine-tool for working wood exports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. In that year, machine-tool for working wood exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates machine-tool for working wood exports structure, accounting for X units, which was near X% of total exports in 2018. Taiwan, Chinese (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - Italy (X units), Belgium (X units), Slovakia (X units), Australia (X units) and Mexico (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern of machine-tools for working wood exports. At the same time, Slovakia (+X%), Australia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%), Italy (-X%), Mexico (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. Slovakia (+X p.p.) significantly strengthened its position in terms of the global exports, while Mexico, Italy, Germany and Taiwan, Chinese saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and China ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Taiwan, Chinese, Belgium, Mexico, Slovakia, Australia and Cyprus, which together accounted for a further X terms of the main exporting countries, Cyprus experienced 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 wood export price in Cyprus stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the machine-tool for working wood export price continues to indicate an outstanding expansion. The growth pace was the most rapid in 2018 when the export price increased by X% year-to-year. In that year, the export prices for machine-tools for working wood attained their peak level and is likely to continue its growth in the immediate term.

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

Imports of Machine-Tools For Working Wood

Imports into Cyprus

In 2018, the amount of machine-tools for working wood imported into Cyprus totaled X units, going up by X% against the previous year. In general, machine-tool for working wood imports, however, continue to indicate a measured reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, machine-tool for working wood imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, machine-tool for working wood imports totaled $X in 2018. In general, machine-tool for working wood imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), Germany (X units) and Poland (X units) represented roughly X% of total imports of machine-tools for working wood in 2018. China (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by France (X%), Egypt (X%) and Spain (X%). Canada (X units), the Netherlands (X units), Russia (X units), Turkey (X units) and Austria (X units) held a minor 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 Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood importing markets into Cyprus were China ($X), Germany ($X) and Russia ($X), with a combined X% share of total imports. France, Poland, the UK, Canada, Austria, Spain, the Netherlands, Turkey, Egypt and Cyprus lagged somewhat behind, together comprising a further X terms of the main importing countries, Egypt recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the machine-tool for working wood import price in Cyprus amounted to $X per unit, growing by X% against the previous year. In general, the machine-tool for working wood import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the import prices for machine-tools for working wood attained their peak figure 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 Russia ($X per unit), while Egypt ($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