Cyprus: Transmission Shaft Market 2020

Transmission Shaft Market Size in Cyprus

The revenue of the transmission shaft market in Cyprus amounted to $X in 2018, jumping 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, transmission shaft consumption continues to indicate slight growth. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Cyprus transmission shaft consumption peaked in 2018 and is likely to see steady growth in the near future.

Transmission Shaft Exports

Exports from Cyprus

Transmission shaft exports from Cyprus amounted to X tons in 2018, coming down by -X% against the previous year. Overall, transmission shaft exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Cyprus exports peaked at X tons in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, transmission shaft exports totaled $X in 2018. Overall, transmission shaft exports, however, continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, transmission shaft exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Germany (X tons) and China (X tons) were the main exporters of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chainaround the world, together making up X% of total exports. It was followed by Japan (X tons), the U.S. (X tons), Italy (X tons) and South Korea (X tons), together creating a X% share of total exports. Spain (X tons), France (X tons), India (X tons), Taiwan, Chinese (X tons), Slovakia (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Japan, Italy, France, Taiwan, Chinese, South Korea, Belgium, Spain, India, Slovakia and Cyprus, which together accounted for a further X experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The transmission shaft export price in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Overall, the transmission shaft export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Over the period under review, the export prices for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain attained their peak figure in 2018 and is likely to see steady growth in the near future.

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

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

Transmission Shaft Imports

Imports into Cyprus

In 2018, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were imported into Cyprus; surging by X% against the previous year. Over the period under review, transmission shaft imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, transmission shaft imports attained their maximum at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, transmission shaft imports stood at $X in 2018. Over the period under review, transmission shaft imports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Cyprus imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Mexico (X tons), Germany (X tons) and China (X tons) were the largest importers of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, together creating X% of total imports. The following importers - the UK (X tons), Japan (X tons), Canada (X tons), Italy (X tons), France (X tons), Spain (X tons), Poland (X tons) and Hungary (X tons) - 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 more modest paces of growth.

In value terms, the largest transmission shaft importing markets into Cyprus were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Mexico, Canada, France, the UK, Japan, Italy, Spain, Poland, Hungary and Cyprus lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, in terms of 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 transmission shaft import price in Cyprus amounted to $X per ton, surging by X% against the previous year. In general, the import price indicated a moderate increase from 2007 to 2018: its price 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, transmission shaft import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. In that year, the import prices for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the import prices for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain remained at a lower figure.

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

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

Source: IndexBox Platform