Cyprus: Harvesting Machinery Market 2020

Harvesting Machinery Market Size in Cyprus

The revenue of the harvesting machinery market in Cyprus amounted to $X in 2018, flattening at the previous year. Overall, harvesting machinery consumption continues to indicate buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, the harvesting machinery market attained its peak level of $X. From 2012 to 2018, the growth of the harvesting machinery market remained at a lower figure.

Harvesting Machinery Production in Cyprus

In value terms, harvesting machinery production totaled $X in 2018 estimated in export prices. Over the period under review, harvesting machinery production continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, harvesting machinery production attained its peak level of $X. From 2015 to 2018, harvesting machinery production growth failed to regain its momentum.

Harvesting Machinery Exports

Exports from Cyprus

In 2018, approx. X units of root or tuber harvesting machines were exported from Cyprus; increasing by X% against the previous year. In general, harvesting machinery exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. In that year, harvesting machinery exports reached their peak of X units. From 2015 to 2018, the growth of harvesting machinery exports remained at a somewhat lower figure.

In value terms, harvesting machinery exports amounted to $X in 2018. In general, harvesting machinery exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Cyprus exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Jordan (X units) and Italy (X units) represented roughly X% of total exports of root or tuber harvesting machines in 2018. Tunisia (X units) held an X% share (based on tons) of total exports, which put it in second place, followed by Russia (X%), Ukraine (X%), China (X%) and Chile (X%). Poland (X units), Germany (X units), Malaysia (X units), Belarus (X units) and the UK (X units) occupied a little 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 Tunisia (+X% per year), while the other leaders experienced more modest paces of growth.

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

In Germany, harvesting machinery exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+X% per year) and Italy (+X% per year).

Export Prices by Country

The harvesting machinery export price in Cyprus stood at $X per unit in 2018, shrinking by -X% against the previous year. Over the period under review, the harvesting machinery export price continues to indicate a deep reduction. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. Cyprus export price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Harvesting Machinery Imports

Imports into Cyprus

In 2018, the imports of root or tuber harvesting machines into Cyprus stood at X units, increasing by X% against the previous year. In general, harvesting machinery imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. In that year, harvesting machinery imports attained their peak of X units. From 2012 to 2018, the growth of harvesting machinery imports failed to regain its momentum.

In value terms, harvesting machinery imports totaled $X in 2018. Overall, harvesting machinery imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, harvesting machinery imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

Belarus (X units), Armenia (X units) and Russia (X units) represented roughly X% of total imports of root or tuber harvesting machines in 2018. It was distantly followed by France (X units), generating a X% share of total imports. Italy (X units), Canada (X units), the Netherlands (X units), Lithuania (X units) and Poland (X units) took a little 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 Armenia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest harvesting machinery importing markets into Cyprus were Russia ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Poland, Canada, Belarus, Italy, Lithuania, Armenia and Cyprus lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among 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 harvesting machinery import price in Cyprus amounted to $X per unit, going down by -X% against the previous year. Overall, the harvesting machinery import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2012 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform