Cyprus: Table Linen Market 2020

Table Linen Market Size in Cyprus

The revenue of the table linen market in Cyprus amounted to $X in 2018, waning by -X% against the previous year. In general, table linen consumption continues to indicate a pronounced deduction. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the table linen market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Table Linen Production in Cyprus

In value terms, table linen production totaled $X in 2018 estimated in export prices. Over the period under review, table linen production continues to indicate extraordinary growth. The pace of growth was the most pronounced in 2017 when production volume increased by X% year-to-year. Cyprus table linen production peaked in 2018 and is likely to continue its growth in the near future.

Table Linen Exports

Exports from Cyprus

In 2018, the table linen exports from Cyprus amounted to X tons, shrinking by -X% against the previous year. In general, table linen exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2014 with a decrease of -X% against the previous year. Cyprus exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, table linen exports stood at $X in 2018. Over the period under review, table linen exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2008 when exports decreased by -X% against the previous year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the major exporter of table linen, knitted or crocheted, achieving X% of total exports. India (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together took near X% share of total exports. The following exporters - Germany (X tons), Turkey (X tons), Belgium (X tons), Mexico (X tons) and France (X tons) - each finished at a X% share of total exports.

China was also the fastest-growing in terms of the table linen, knitted or crocheted exports, with a CAGR of +X% from 2007 to 2018. At the same time, France (+X%) and Belgium (+X%) displayed positive paces of growth. Germany, Pakistan and Turkey experienced a relatively flat trend pattern. By contrast, India (-X%) and Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while Mexico (-X p.p.) and India (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, table linen exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the table linen export price in Cyprus amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the table linen export price continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the export prices for table linen, knitted or crocheted attained their maximum at $X per ton in 2008; however, from 2009 to 2018, export prices 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 Mexico ($X per ton), while Pakistan ($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.

Table Linen Imports

Imports into Cyprus

In 2018, the amount of table linen, knitted or crocheted imported into Cyprus amounted to X tons, going down by -X% against the previous year. In general, table linen imports continue to indicate an abrupt slump. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Cyprus imports peaked at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, table linen imports stood at $X in 2018. Over the period under review, table linen imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, table linen imports reached 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) represented the largest importer of table linen, knitted or crocheted, creating X% of total imports. It was distantly followed by Germany (X tons), France (X tons) and Italy (X tons), together achieving a X% share of total imports. Belgium (X tons), the UK (X tons), Canada (X tons), the Netherlands (X tons), Poland (X tons), Spain (X tons) and Japan (X tons) took a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of table linen, knitted or crocheted imports. At the same time, Poland (+X%), the Netherlands (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Germany and Canada experienced a relatively flat trend pattern. By contrast, Italy (-X%), Spain (-X%), Japan (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the UK decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported table linen, knitted or crocheted into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (-X% per year).

Import Prices by Country

The table linen import price in Cyprus stood at $X per ton in 2018, standing approx. at the previous year. Overall, the table linen import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. In that year, the import prices for table linen, knitted or crocheted reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for table linen, knitted or crocheted remained at a somewhat lower figure.

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

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

Source: IndexBox Platform