Cyprus: Nail And Bolt Market 2020

Nail And Bolt Market Size in Cyprus

The revenue of the nail and bolt market in Cyprus amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, nail and bolt consumption continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the nail and bolt market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Nail And Bolt Production in Cyprus

In value terms, nail and bolt production totaled $X in 2018 estimated in export prices. In general, the total output indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nail and bolt production increased by +X% against 2012 indices. The growth pace was the most rapid in 2011 when production volume increased by X% y-o-y. Cyprus nail and bolt production peaked in 2018 and is likely to continue its growth in the immediate term.

Nail And Bolt Exports

Exports from Cyprus

In 2018, the nail and bolt exports from Cyprus stood at X tons, surging by X% against the previous year. In general, nail and bolt exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Cyprus exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, nail and bolt exports stood at $X in 2018. In general, nail and bolt exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, nail and bolt exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

China was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Taiwan, Chinese (X tons), Germany (X tons), South Korea (X tons) and the U.S. (X tons), together committing a X% share of total exports. Italy (X tons), Japan (X tons), India (X tons), Spain (X tons), Vietnam (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts exports. At the same time, Vietnam (+X%), South Korea (+X%), India (+X%), Spain (+X%), the Netherlands (+X%), Taiwan, Chinese (+X%), the U.S. (+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. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.), Taiwan, Chinese (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-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, Germany ($X), China ($X) and Taiwan, Chinese ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. The U.S., Japan, Italy, South Korea, the Netherlands, Spain, India, Vietnam and Cyprus lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Cyprus experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The nail and bolt export price in Cyprus stood at $X per ton in 2018, stabilizing at the previous year. In general, the nail and bolt export price, however, continues to indicate a significant drop. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. In that year, the export prices for nails, tacks, staples, screws and bolts reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for nails, tacks, staples, screws and bolts remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) 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.

Nail And Bolt Imports

Imports into Cyprus

Nail and bolt imports into Cyprus stood at X tons in 2018, shrinking by -X% against the previous year. Overall, nail and bolt imports continue to indicate an abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Cyprus imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, nail and bolt imports amounted to $X in 2018. Overall, nail and bolt imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, nail and bolt imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Canada (X tons) represented the largest importers of nails, tacks, staples, screws and bolts, together comprising X% of total imports. Mexico (X tons), France (X tons), Russia (X tons), the UK (X tons), China (X tons), Japan (X tons), Poland (X tons), Italy (X tons) and India (X tons) took a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts imports. At the same time, India (+X%), China (+X%), Russia (+X%), Canada (+X%), Germany (+X%), Poland (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, the UK and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), the U.S. (+X p.p.), Canada (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global imports, while Mexico saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nail and bolt importing markets into Cyprus were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Mexico, France, the UK, Canada, India, Italy, Japan, Poland, Russia and Cyprus, which together accounted for a further X experienced the highest growth rate of 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 nail and bolt import price in Cyprus amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, the import prices for nails, tacks, staples, screws and bolts reached their peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform