Cyprus: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2019

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Cyprus

The revenue of the tube or pipe fitting market in Cyprus amounted to $X in 2018, rising 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). Overall, tube or pipe fitting consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Cyprus tube or pipe fitting consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Cyprus

In 2018, the amount of tube or pipe fittings (of iron or steel) exported from Cyprus totaled X tons, falling by -X% against the previous year. In general, tube or pipe fitting exports continue to indicate a moderate decrease. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, tube or pipe fitting exports reached their peak figure at X tons in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

In value terms, tube or pipe fitting exports stood at $X in 2018. Over the period under review, tube or pipe fitting exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, tube or pipe fitting exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons) was the key exporter of tube or pipe fittings (of iron or steel), generating X% of total exports. Italy (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took approx. X% share of total exports. South Korea (X tons), Germany (X tons), the U.S. (X tons), Poland (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), France (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to tube or pipe fitting exports from China stood at +X%. At the same time, India (+X%), Malaysia (+X%), Poland (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Germany (-X%), Thailand (-X%), Taiwan, Chinese (-X%), South Korea (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of South Korea (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, tube or pipe fitting 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: Italy (-X% per year) and Germany (+X% per year).

Export Prices by Country

The tube or pipe fitting export price in Cyprus stood at $X per ton in 2018, picking up by X% against the previous year. In general, the tube or pipe fitting export price continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. Over the period under review, the export prices for tube or pipe fittings (of iron or steel) reached their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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 France, while the other leaders experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Cyprus

In 2018, the amount of tube or pipe fittings (of iron or steel) imported into Cyprus totaled X tons, going up by X% against the previous year. Overall, tube or pipe fitting imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Cyprus imports peaked at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, tube or pipe fitting imports totaled $X in 2018. Overall, tube or pipe fitting imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Mexico (X tons) and Germany (X tons) were the key importers of tube or pipe fittings (of iron or steel), together making up X% of total imports. Japan (X tons), Canada (X tons), Malaysia (X tons), South Korea (X tons), Singapore (X tons), Saudi Arabia (X tons), Italy (X tons), the UK (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%) and Malaysia (+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. Germany, Canada, Japan and the UK experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%), Singapore (-X%), South Korea (-X%), the United Arab Emirates (-X%) and Italy (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., tube or pipe fitting imports expanded at 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: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

The tube or pipe fitting import price in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Overall, the tube or pipe fitting import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. In that year, the import prices for tube or pipe fittings (of iron or steel) attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for tube or pipe fittings (of iron or steel) remained at a lower figure.

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

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

Source: IndexBox Platform