Cyprus: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2019

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Cyprus

The revenue of the market for tubes, pipes and hollow profiles (of iron or steel) in Cyprus amounted to $X in 2018, shrinking 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). Over the period under review, consumption of tubes, pipes and hollow profiles (of iron or steel), however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, the market for iron or steel pipe and tube reached its peak level of $X, and then declined slightly in the following year.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Cyprus

In 2018, the exports of tubes, pipes and hollow profiles (of iron or steel) from Cyprus amounted to X tons, rising by X% against the previous year. Overall, exports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate extraordinary growth. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) stood at $X in 2018. Overall, exports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) attained their peak figure at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), distantly followed by Italy (X tons), South Korea (X tons), Germany (X tons), Russia (X tons) and Japan (X tons) represented the key exporters of tubes, pipes and hollow profiles (of iron or steel), together creating X% of total exports. Turkey (X tons), Mexico (X tons), India (X tons), Canada (X tons), the U.S. (X tons) and Austria (X tons) took a relatively small share of total exports.

China experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) exports. At the same time, South Korea (+X%), Mexico (+X%), Russia (+X%), Turkey (+X%) and India (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and Austria experienced a relatively flat trend pattern. By contrast, Canada (-X%), Germany (-X%), the U.S. (-X%) and Japan (-X%) illustrated a downward trend over the same period. South Korea (+X p.p.), Russia (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany, China and Japan saw its share reduced by -X%, -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 iron or steel pipe and tube markets from Cyprus were China ($X), Germany ($X) and Italy ($X), together comprising X% of total exports. These countries were followed by Japan, South Korea, the U.S., Russia, Canada, India, Turkey, Mexico, Austria and Cyprus, which together accounted for a further X the main exporting countries, Cyprus recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the export price for tubes, pipes and hollow profiles (of iron or steel) in Cyprus amounted to $X per ton, reducing by -X% against the previous year. In general, the export price for tubes, pipes and hollow profiles (of iron or steel) continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2014 when the export price increased by X% y-o-y. In that year, the export prices for tubes, pipes and hollow profiles (of iron or steel) reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for tubes, pipes and hollow profiles (of iron or steel) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Turkey ($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 mixed trends in the export price figures.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Cyprus

In 2018, the amount of tubes, pipes and hollow profiles (of iron or steel) imported into Cyprus stood at X tons, waning by -X% against the previous year. In general, imports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. In that year, imports of tubes, pipes and hollow profiles (of iron or steel) attained their peak of X tons, and then declined slightly in the following year.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) stood at $X in 2018. Over the period under review, imports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. In that year, imports of tubes, pipes and hollow profiles (of iron or steel) attained their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Australia (X tons) represented the major importers of tubes, pipes and hollow profiles (of iron or steel), together committing X% of total imports. The following importers - Canada (X tons), France (X tons), Saudi Arabia (X tons), Mexico (X tons), Poland (X tons), India (X tons), the UK (X tons), Italy (X tons) and the Netherlands (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) imports. At the same time, Australia (+X%), Mexico (+X%), India (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada, France and Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%), Saudi Arabia (-X%), the UK (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia and Mexico increased by +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Australia (+X% per year).

Import Prices by Country

In 2018, the import price for tubes, pipes and hollow profiles (of iron or steel) in Cyprus amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price for tubes, pipes and hollow profiles (of iron or steel) continues to indicate moderate growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the import prices for tubes, pipes and hollow profiles (of iron or steel) reached their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform