Cyprus: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2019

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Cyprus

The revenue of the market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Cyprus amounted to $X in 2018, rising by X% against the previous year. Over the period under review, consumption of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a temperate shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, the market for iron, steel or aluminium reservoir reached its peak level of $X. From 2015 to 2018, the growth of the market for iron, steel or aluminium reservoir failed to regain its momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Cyprus

In value terms, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018 estimated in export prices. Overall, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2014 when production volume increased by X% against the previous year. Cyprus production of iron, steel or aluminium reservoirs, tanks, vats and similar containers peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Cyprus

Exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Cyprus stood at X tons in 2018, going down by -X% against the previous year. Overall, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their peak of X tons, and then declined slightly in the following year.

In value terms, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X in 2018. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. In that year, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their peak of $X, and then declined slightly in the following year.

Exports by Country

In 2018, China (X tons), followed by the U.S. (X tons), Thailand (X tons), Poland (X tons), Germany (X tons) and Italy (X tons) were the key exporters of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together committing X% of total exports. Turkey (X tons), Spain (X tons), the Czech Republic (X tons), Mexico (X tons), South Korea (X tons) and India (X tons) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the U.S. ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Italy, Poland, South Korea, the Czech Republic, Spain, Thailand, Turkey, India, Mexico and Cyprus, which together accounted for a further X terms of the main exporting countries, Thailand 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Cyprus stood at $X per ton in 2018, surging by X% against the previous year. In general, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate tangible growth. The growth pace was the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers 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 Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Cyprus

In 2018, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Cyprus; reducing by -X% against the previous year. Overall, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Cyprus imports peaked at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2018. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their maximum 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), followed by South Korea (X tons) and Germany (X tons) represented the major importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together achieving X% of total imports. France (X tons), Thailand (X tons), Canada (X tons), Mexico (X tons), the UK (X tons), China (X tons), Spain (X tons), the Netherlands (X tons) and Japan (X tons) took a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Mexico (+X%), Thailand (+X%), Spain (+X%), China (+X%), France (+X%), the Netherlands (+X%), the UK (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, South Korea 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, Japan (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), South Korea (+X p.p.), Thailand (+X p.p.) and Mexico (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China (+X% per year).

Import Prices by Country

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the import price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Thailand ($X per ton) 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.

Source: IndexBox Platform