Cyprus: Unvulcanized Rubber Market 2020

Unvulcanized Rubber Market Size in Cyprus

The revenue of the unvulcanized rubber market in Cyprus amounted to $X in 2018, waning 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, unvulcanized rubber consumption continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Over the period under review, the unvulcanized rubber market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Unvulcanized Rubber Exports

Exports from Cyprus

Unvulcanized rubber exports from Cyprus amounted to X tons in 2018, dropping by -X% against the previous year. Overall, unvulcanized rubber exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Cyprus exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, unvulcanized rubber exports amounted to $X in 2018. Overall, unvulcanized rubber exports continue to indicate a temperate drop. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tons), Malaysia (X tons) and the U.S. (X tons) represented roughly X% of total exports of unvulcanized rubber and articles thereof in 2018. It was distantly followed by Italy (X tons), France (X tons), Thailand (X tons) and China (X tons), together committing a X% share of total exports. Belgium (X tons), Canada (X tons), Poland (X tons), the Czech Republic (X tons) and Spain (X tons) held a minor share of total exports.

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

In value terms, Germany ($X), the U.S. ($X) and Italy ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. France, Malaysia, Belgium, Thailand, China, Canada, Spain, the Czech Republic, Poland and Cyprus lagged somewhat behind, together comprising a further X terms of the main exporting countries, Poland 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

In 2018, the unvulcanized rubber export price in Cyprus amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the unvulcanized rubber export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices for unvulcanized rubber and articles thereof attained their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting 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 China, while the other leaders experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Cyprus

In 2018, the amount of unvulcanized rubber and articles thereof imported into Cyprus totaled X tons, waning by -X% against the previous year. In general, unvulcanized rubber imports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, unvulcanized rubber imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, unvulcanized rubber imports totaled $X in 2018. Over the period under review, unvulcanized rubber imports continue to indicate a temperate shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, unvulcanized rubber imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of about X tons, which amounted to X% of total imports. The U.S. (X tons) occupied the second position in the ranking, followed by Germany (X tons) and Poland (X tons). All these countries together occupied near X% share of total imports. The following importers - France (X tons), Spain (X tons), the UK (X tons), Belgium (X tons), Italy (X tons), Mexico (X tons), Canada (X tons) and India (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), Poland (+X%), Mexico (+X%), the U.S. (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Italy, Belgium and Spain experienced a relatively flat trend pattern. By contrast, Germany (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, India and Poland increased by +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, unvulcanized rubber 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: the U.S. (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the unvulcanized rubber import price in Cyprus amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Cyprus import price peaked in 2018 and is likely to continue its growth in the near future.

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

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

Source: IndexBox Platform