Cyprus: Safety Glass Market 2020

Safety Glass Market Size in Cyprus

The revenue of the safety glass market in Cyprus amounted to $X in 2018, picking up by X% against the previous year. Overall, safety glass consumption continues to indicate a perceptible decrease. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Cyprus safety glass consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Safety Glass Production in Cyprus

In value terms, safety glass production amounted to $X in 2018 estimated in export prices. Over the period under review, safety glass production, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, safety glass production reached its peak figure level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Safety Glass Exports

Exports from Cyprus

Safety glass exports from Cyprus stood at X kg in 2018, growing by X% against the previous year. In general, safety glass exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, safety glass exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, safety glass exports amounted to $X in 2018. Overall, safety glass exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Over the period under review, safety glass exports attained their peak figure at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Estonia (X tons) represented the main exporter of safety glass, comprising X% of total exports. It was distantly followed by Romania (X tons), Mexico (X tons) and Egypt (X tons), together generating a X% share of total exports. Indonesia (X tons), Finland (X tons), Morocco (X tons), Japan (X tons), South Africa (X tons), Malaysia (X tons), Bulgaria (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to safety glass exports from Estonia stood at +X%. At the same time, Indonesia (+X%), South Africa (+X%), Morocco (+X%), Mexico (+X%), Malaysia (+X%), Bulgaria (+X%), Japan (+X%), Peru (+X%), Romania (+X%), Finland (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Estonia (+X p.p.), Romania (+X p.p.), Mexico (+X p.p.), Egypt (+X p.p.), Indonesia (+X p.p.), Finland (+X p.p.), Morocco (+X p.p.), Japan (+X p.p.), South Africa (+X p.p.), Malaysia (+X p.p.), Bulgaria (+X p.p.) and Peru (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety glass markets from Cyprus were Mexico ($X), Japan ($X) and Finland ($X), together comprising X% of total exports. These countries were followed by Malaysia, Romania, Estonia, Bulgaria, South Africa, Peru, Indonesia, Egypt, Morocco and Cyprus, which together accounted for a further X (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The safety glass export price in Cyprus stood at $X per kg in 2018, increasing by X% against the previous year. Over the period under review, the safety glass export price continues to indicate strong growth. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Cyprus export price peaked at $X per kg in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per kg), while Estonia ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports into Cyprus

In 2018, the imports of safety glass into Cyprus amounted to X tons, lowering by -X% against the previous year. Over the period under review, safety glass imports, however, continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, safety glass imports attained their peak of X tons, and then declined slightly in the following year.

In value terms, safety glass imports totaled $X in 2018. Overall, safety glass imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Cyprus imports peaked at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Canada (X tons) was the major importer of safety glass, creating X% of total imports. It was distantly followed by Belgium (X tons) and Pakistan (X tons), together achieving a X% share of total imports. Italy (X tons), Algeria (X tons), Portugal (X tons), Spain (X tons) and Slovakia (X tons) occupied a little share of total imports.

Canada was also the fastest-growing in terms of the safety glass imports, with a CAGR of +X% from 2007 to 2018. At the same time, Pakistan (+X%), Slovakia (+X%), Algeria (+X%), Portugal (+X%), Italy (+X%), Belgium (+X%) and Spain (+X%) displayed positive paces of growth. From 2007 to 2018, the share of Canada, Belgium, Pakistan, Italy, Algeria, Portugal and Slovakia increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Canada ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Slovakia experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The safety glass import price in Cyprus stood at $X per kg in 2018, going up by X% against the previous year. Overall, the safety glass import price, however, continues to indicate a dramatic deduction. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. In that year, the import prices for safety glass reached their peak level of $X per kg. From 2015 to 2018, the growth in terms of the import prices for safety glass remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per kg), while Pakistan ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform