Cyprus: Soap Market 2020

Soap Market Size in Cyprus

The revenue of the soap market in Cyprus amounted to $X in 2017, standing approx. at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2008, when the market value increased by X% year-to-year. In that year, the soap market reached its peak level of $X. From 2009 to 2017, the growth of the soap market remained at a somewhat lower figure.

Soap Production in Cyprus

In value terms, soap production totaled $X in 2017 estimated in export prices. In general, soap production continues to indicate a moderate shrinkage. The most prominent rate of growth was recorded in 2008, when the output figure increased by X% against the previous year. In that year, soap production reached its peak level of $X. From 2009 to 2017, soap production growth failed to regain its momentum.

Soap Exports

Exports from Cyprus

In 2017, approx. X tons of soap were exported from Cyprus; jumping by X% against the previous year. In general, soap exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016, when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, soap exports amounted to $X in 2017. Over the period under review, soap exports, however, continue to indicate a slight growth. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2017, exports failed to regain their momentum.

Exports by Country

The UK (X tons), Hungary (X tons) and Greece (X tons) were the main destinations of soap exports from Cyprus, with a combined X% share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Kuwait ($X) and Greece ($X) constituted the largest markets for soap exported from Cyprus worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average soap export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the soap export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. Export price peaked at $X per ton in 2011; however, from 2012 to 2017, export prices failed to regain their momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Qatar ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Qatar, while the export prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Cyprus

Soap imports into Cyprus stood at X tons in 2017, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013, when imports increased by X% against the previous year. Over the period under review, soap imports reached their maximum in 2017, and are likely to see steady growth in the near future.

In value terms, soap imports stood at $X in 2017. The total import value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, soap imports reached their peak figure in 2017, and are likely to see steady growth in the immediate term.

Imports by Country

Greece (X tons), Turkey (X tons) and Ireland (X tons) were the main suppliers of soap imports to Cyprus, together accounting for X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ireland, while the other leaders experienced more modest paces of growth.

In value terms, the largest soap suppliers to Cyprus were Greece ($X), Turkey ($X) and Ireland ($X), together comprising X% of total imports. Germany, Israel, the UK and Italy lagged somewhat behind, together accounting for a further X terms of the main suppliers, Israel recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average soap import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the soap import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the average import price increased by X% y-o-y. In that year, the average import prices for soap attained their peak level of $X per ton. From 2009 to 2017, the growth in terms of the average import prices for soap failed to regain its momentum.

Average import prices varied somewhat amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from Germany ($X per ton) and Italy ($X per ton), while the price for Israel ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Germany, while the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform