Cyprus: Metal Domestic Furniture Market 2020

Metal Domestic Furniture Market Size in Cyprus

The revenue of the metal domestic furniture market in Cyprus amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, metal domestic furniture consumption, however, continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the metal domestic furniture market reached its maximum level at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Metal Domestic Furniture Production in Cyprus

In value terms, metal domestic furniture production stood at $X in 2018 estimated in export prices. Over the period under review, metal domestic furniture production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. Cyprus metal domestic furniture production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Metal Domestic Furniture Exports

Exports from Cyprus

In 2018, the amount of metal furniture exported from Cyprus totaled X tons, dropping by -X% against the previous year. Over the period under review, metal domestic furniture exports continue to indicate a drastic decline. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Cyprus exports peaked at X tons in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, metal domestic furniture exports amounted to $X in 2018. Over the period under review, metal domestic furniture exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Cyprus exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China prevails in metal domestic furniture exports structure, reaching X tons, which was near X% of total exports in 2018. It was distantly followed by Germany (X tons), comprising a X% share of total exports. Taiwan, Chinese (X tons), Poland (X tons), Italy (X tons), Vietnam (X tons), Canada (X tons), the Netherlands (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to metal domestic furniture exports from China stood at +X%. At the same time, Vietnam (+X%), Poland (+X%), the Netherlands (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Germany (+X p.p.) and Vietnam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal domestic furniture supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, metal domestic furniture exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Italy (-X% per year).

Export Prices by Country

The metal domestic furniture export price in Cyprus stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the metal domestic furniture export price continues to indicate a temperate drop. The growth pace was the most rapid in 2014 when the export price increased by X% year-to-year. Over the period under review, the export prices for metal furniture attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

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

Metal Domestic Furniture Imports

Imports into Cyprus

In 2018, approx. X tons of metal furniture were imported into Cyprus; waning by -X% against the previous year. Overall, metal domestic furniture imports continue to indicate a temperate deduction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, metal domestic furniture imports attained their peak of X tons. From 2010 to 2018, the growth of metal domestic furniture imports remained at a somewhat lower figure.

In value terms, metal domestic furniture imports stood at $X in 2018. Overall, metal domestic furniture imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) represented the largest importer of metal furniture, comprising X% of total imports. Germany (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by the UK (X%) and France (X%). The following importers - the Netherlands (X tons), Japan (X tons), Canada (X tons), Australia (X tons), Belgium (X tons), Italy (X tons), Poland (X tons) and Spain (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to metal domestic furniture imports into the U.S. stood at +X%. At the same time, Poland (+X%), the Netherlands (+X%), Germany (+X%), Australia (+X%), the UK (+X%), Belgium (+X%), Japan (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and Spain experienced a relatively flat trend pattern. The U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., metal domestic furniture imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the metal domestic furniture import price in Cyprus amounted to $X per ton, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per ton), while Poland ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform