Cyprus: Stranded Wire Market 2020

Stranded Wire Market Size in Cyprus

The revenue of the stranded wire market in Cyprus amounted to $X in 2018, going down 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). Over the period under review, stranded wire consumption continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Cyprus stranded wire consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Cyprus

In 2018, the amount of stranded wire, ropes and cables exported from Cyprus amounted to X tons, growing by X% against the previous year. In general, stranded wire exports continue to indicate outstanding growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Cyprus exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, stranded wire exports amounted to $X in 2018. In general, stranded wire exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Cyprus exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

China represented the main exporter of stranded wire, ropes and cables in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2018. South Korea (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by India (X%) and Vietnam (X%). Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam, India, Turkey and Portugal increased by +X%, +X%, +X% and +X% percentage points, while Italy (-X p.p.), China (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stranded wire supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In China, stranded wire exports expanded 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: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

The stranded wire export price in Cyprus stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the export price indicated a measured expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. In that year, the export prices for stranded wire, ropes and cables reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for stranded wire, ropes and cables remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Malaysia ($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.

Stranded Wire Imports

Imports into Cyprus

In 2018, the imports of stranded wire, ropes and cables into Cyprus totaled X tons, going down by -X% against the previous year. In general, stranded wire imports continue to indicate a slight descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. In that year, stranded wire imports reached their peak of X tons, and then declined slightly in the following year.

In value terms, stranded wire imports stood at $X in 2018. Overall, stranded wire imports continue to indicate a moderate slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, stranded wire imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the major importers of stranded wire, ropes and cables, together mixing up X% of total imports. The following importers - South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India, Thailand and Poland increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stranded wire importing markets into Cyprus were the U.S. ($X), Germany ($X) and Mexico ($X), with a combined X% share of total imports. These countries were followed by France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Cyprus, which together accounted for a further X the main importing countries, India recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stranded wire import price in Cyprus amounted to $X per ton, jumping by X% against the previous year. In general, the stranded wire import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Cyprus import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform