Cyprus: Static Converter Market 2020

Static Converter Market Size in Cyprus

The revenue of the static converter market in Cyprus amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, static converter consumption continues to indicate a sharp contraction. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Cyprus static converter consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Static Converter Exports

Exports from Cyprus

In 2018, the amount of static converters exported from Cyprus amounted to X units, lowering by -X% against the previous year. Overall, static converter exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. In that year, static converter exports reached their peak of X units. From 2009 to 2018, the growth of static converter exports remained at a lower figure.

In value terms, static converter exports stood at $X in 2018. Over the period under review, static converter exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, static converter exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

China represented the largest exporter of static converters in the world, with the volume of exports resulting at X units, which was approx. X% of total exports in 2018. It was distantly followed by China, Hong Kong SAR (X units), comprising a X% share of total exports. Singapore (X units), Taiwan, Chinese (X units), Japan (X units), Vietnam (X units), the Philippines (X units) and Malaysia (X units) held 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 Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest static converter supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (+X% per year) and Japan (+X% per year).

Export Prices by Country

The static converter export price in Cyprus stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the static converter export price continues to indicate a drastic slump. The pace of growth was the most pronounced in 2009 when the export price increased by X% year-to-year. Over the period under review, the export prices for static converters attained their maximum 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 the Philippines ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

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

Static Converter Imports

Imports into Cyprus

In 2018, the imports of static converters into Cyprus amounted to X units, lowering by -X% against the previous year. Over the period under review, static converter imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Cyprus imports peaked at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, static converter imports amounted to $X in 2018. Over the period under review, static converter imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China, Hong Kong SAR (X units) and China (X units) represented the largest importers of static converters in 2018, recording approx. X% and X% of total imports, respectively. The U.S. (X units) took the next position in the ranking, followed by Singapore (X units), India (X units) and Mozambique (X units). All these countries together took approx. X% share of total imports. Mexico (X units), Brazil (X units) and Malaysia (X units) held a relatively small 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 Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported static converters into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, 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: China (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The static converter import price in Cyprus stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the static converter import price continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Cyprus import price peaked in 2018 and is expected to retain its growth in the immediate term.

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

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

Source: IndexBox Platform