Cyprus: Vacuum Cleaner Market 2020

Vacuum Cleaner Market Size in Cyprus

The revenue of the vacuum cleaner market in Cyprus amounted to $X in 2018, going up 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, vacuum cleaner consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, the vacuum cleaner market reached its peak level and is likely to continue its growth in the immediate term.

Vacuum Cleaner Exports

Exports from Cyprus

Vacuum cleaner exports from Cyprus totaled X units in 2018, declining by -X% against the previous year. Overall, vacuum cleaner exports, however, continue to indicate extraordinary growth. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Cyprus exports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, vacuum cleaner exports stood at $X in 2018. Over the period under review, vacuum cleaner exports, however, continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Cyprus exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

China represented the largest exporter of vacuum cleaners in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2018. Malaysia (X units) took the second position in the ranking, distantly followed by Germany (X units). All these countries together occupied approx. X% share of total exports. Vietnam (X units), Hungary (X units), Romania (X units) and Mexico (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to vacuum cleaner exports from China stood at +X%. At the same time, Romania (+X%), Vietnam (+X%), Malaysia (+X%), Germany (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.), China (+X p.p.), Germany (+X p.p.), Vietnam (+X p.p.) and Romania (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the vacuum cleaner export price in Cyprus amounted to $X per unit, flattening at the previous year. Over the period under review, the vacuum cleaner export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 when the export price increased by X% y-o-y. In that year, the export prices for vacuum cleaners attained their peak level of $X per unit. From 2016 to 2018, the growth in terms of the export prices for vacuum cleaners remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Romania ($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 mixed trends in the export price figures.

Vacuum Cleaner Imports

Imports into Cyprus

In 2018, the amount of vacuum cleaners imported into Cyprus totaled X units, surging by X% against the previous year. Overall, the total imports indicated modest growth from 2007 to 2018: its volume 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, vacuum cleaner imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Cyprus imports peaked at X units in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, vacuum cleaner imports totaled $X in 2018. In general, vacuum cleaner imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, vacuum cleaner imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. represented the largest importer of vacuum cleaners in the world, with the volume of imports finishing at X units, which was approx. X% of total imports in 2018. It was distantly followed by Germany (X units), Japan (X units), the UK (X units) and France (X units), together making up a X% share of total imports. Russia (X units), Australia (X units), the Netherlands (X units), Canada (X units), Italy (X units), Belgium (X units) and Spain (X units) occupied a relatively small share of total imports.

The U.S. experienced a relatively flat trend pattern of vacuum cleaners imports. At the same time, Australia (+X%), the Netherlands (+X%), Germany (+X%), Japan (+X%), France (+X%), Spain (+X%) and Russia (+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. Belgium, Canada, Italy and the UK experienced a relatively flat trend pattern. From 2007 to 2018, the share of Germany, Japan, the U.S. and Australia increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., vacuum cleaner 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 Japan (+X% per year).

Import Prices by Country

In 2018, the vacuum cleaner import price in Cyprus amounted to $X per unit, growing by X% against the previous year. In general, the import price indicated a prominent increase 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, vacuum cleaner import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 when the import price increased by X% year-to-year. In that year, the import prices for vacuum cleaners 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 importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform