Cyprus: Tap And Valve Market 2020

Tap And Valve Market Size in Cyprus

The revenue of the tap and valve market in Cyprus amounted to $X in 2018, increasing 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). In general, tap and valve consumption continues to indicate modest growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the tap and valve market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Tap And Valve Exports

Exports from Cyprus

Tap and valve exports from Cyprus stood at X tons in 2018, rising by X% against the previous year. In general, tap and valve exports, however, continue to indicate a measured setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, tap and valve exports amounted to $X in 2018. In general, tap and valve exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Cyprus exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the major exporter of taps, cocks, valves and similar appliances, generating X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The U.S. (X tons), Mexico (X tons), Japan (X tons), Spain (X tons), India (X tons), the Czech Republic (X tons), France (X tons), the UK (X tons) and South Korea (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the taps, cocks, valves and similar appliances exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%), India (+X%) and Germany (+X%) displayed positive paces of growth. Mexico, Spain and Italy experienced a relatively flat trend pattern. By contrast, South Korea (-X%), France (-X%), the UK (-X%), Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global exports, while Japan and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve markets from Cyprus were Germany ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by Italy, Japan, Mexico, the UK, France, the Czech Republic, South Korea, Spain, India and Cyprus, which together accounted for a further X terms of the main exporting countries, the Czech Republic recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The tap and valve export price in Cyprus stood at $X per ton in 2018, surging by X% against the previous year. Overall, the tap and valve export price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. In that year, the export prices for taps, cocks, valves and similar appliances reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for taps, cocks, valves and similar appliances remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while China ($X per ton) 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 more modest paces of growth.

Tap And Valve Imports

Imports into Cyprus

In 2018, the amount of taps, cocks, valves and similar appliances imported into Cyprus amounted to X tons, rising by X% against the previous year. Over the period under review, tap and valve imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Cyprus imports peaked at X tons in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, tap and valve imports stood at $X in 2018. Overall, the total imports indicated a modest increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tap and valve imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, tap and valve imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), Mexico (X tons) and Russia (X tons) represented the key importers of taps, cocks, valves and similar appliances, together achieving X% of total imports. The following importers - France (X tons), the UK (X tons), Canada (X tons), Saudi Arabia (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Spain (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Russia (+X%), the United Arab Emirates (+X%), China (+X%), Germany (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Canada, Saudi Arabia, the UK and Spain experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports.

China recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the tap and valve import price in Cyprus amounted to $X per ton, jumping by X% against the previous year. In general, the tap and valve import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% y-o-y. Over the period under review, the import prices for taps, cocks, valves and similar appliances attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Russia ($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.

Source: IndexBox Platform