Cyprus: Telephone Market 2020

Telephone Market Size in Cyprus

The revenue of the telephone market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, telephone consumption, however, continues to indicate a mild deduction. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. In that year, the telephone market attained its peak level of $X. From 2010 to 2018, the growth of the telephone market failed to regain its momentum.

Telephone Production in Cyprus

In value terms, telephone production totaled $X in 2018 estimated in export prices. In general, telephone production continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2009 when production volume increased by X% year-to-year. In that year, telephone production reached its peak level of $X. From 2010 to 2018, telephone production growth remained at a lower figure.

Telephone Exports

Exports from Cyprus

In 2018, the amount of telephones and videophones exported from Cyprus stood at X units, falling by -X% against the previous year. Over the period under review, telephone exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, telephone exports reached their peak figure at X units in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, telephone exports amounted to $X in 2018. Overall, telephone exports, however, continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, telephone exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units) was the main exporter of telephones and videophones, committing X% of total exports. Malaysia (X units) held the second position in the ranking, followed by China, Hong Kong SAR (X units), Germany (X units) and Vietnam (X units). All these countries together took near X% share of total exports. The Netherlands (X units), the U.S. (X units), Thailand (X units), the UK (X units) and France (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to telephone exports from China stood at -X%. At the same time, Vietnam (+X%) and the UK (+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. Malaysia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%), Thailand (-X%), the Netherlands (-X%), the U.S. (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam increased by +X% percentage points, while Thailand (-X p.p.), the Netherlands (-X p.p.), the U.S. (-X p.p.), Germany (-X p.p.), China, Hong Kong SAR (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The telephone export price in Cyprus stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the export price indicated strong growth 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. Based on 2018 figures, telephone export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. In that year, the export prices for telephones and videophones reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per unit), while Vietnam ($X per unit) 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.

Telephone Imports

Imports into Cyprus

In 2018, the amount of telephones and videophones imported into Cyprus stood at X units, growing by X% against the previous year. In general, telephone imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, telephone imports totaled $X in 2018. Overall, the total imports indicated strong growth from 2007 to 2018: its value decreased 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. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. In that year, telephone imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), followed by China, Hong Kong SAR (X units), Germany (X units), the Netherlands (X units), the UK (X units), France (X units) and Mexico (X units) represented the largest importers of telephones and videophones, together generating X% of total imports. The following importers - the United Arab Emirates (X units), Italy (X units), Russia (X units), Japan (X units) and Canada (X units) - together made up X% 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 Mexico, while the other leaders experienced a decline in the imports figures.

In value terms, the U.S. ($X) constitutes the largest market for imported telephones and videophones into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., telephone imports plunged by an average annual rate of -X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Import Prices by Country

The telephone import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Overall, the import price indicated a remarkable 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. Based on 2018 figures, telephone import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, the import prices for telephones and videophones attained their maximum in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform