Cyprus: Glass Fiber Market 2020

Glass Fiber Market Size in Cyprus

The revenue of the glass fiber market in Cyprus amounted to $X in 2018, surging 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, glass fiber consumption continues to indicate a temperate deduction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the glass fiber market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Glass Fiber Exports

Exports from Cyprus

In 2018, the amount of voiles, webs, mats and other articles of glass fibers exported from Cyprus stood at X tons, rising by X% against the previous year. Overall, glass fiber exports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, glass fiber exports reached their maximum at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, glass fiber exports stood at $X in 2018. Overall, glass fiber exports, however, continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Cyprus exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), Belgium (X tons), Germany (X tons), the UK (X tons) and Russia (X tons) represented the main exporters of voiles, webs, mats and other articles of glass fibers, together achieving X% of total exports. The Czech Republic (X tons), France (X tons), Poland (X tons), Canada (X tons), Spain (X tons) and the Netherlands (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Russia (+X%), the UK (+X%), France (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. China (+X p.p.), Russia (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global exports, while Belgium saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fiber markets from Cyprus were China ($X), the U.S. ($X) and Germany ($X), together accounting for X% of total exports.

China experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass fiber export price in Cyprus stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the glass fiber export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Cyprus export price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Russia ($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 more modest paces of growth.

Glass Fiber Imports

Imports into Cyprus

In 2018, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Cyprus; reducing by -X% against the previous year. Over the period under review, glass fiber imports continue to indicate a deep slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, glass fiber imports attained their maximum at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, glass fiber imports amounted to $X in 2018. In general, glass fiber imports continue to indicate a measured shrinkage. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. In that year, glass fiber imports reached their peak of $X. From 2012 to 2018, the growth of glass fiber imports remained at a somewhat lower figure.

Imports by Country

The imports of the three major importers of voiles, webs, mats and other articles of glass fibers, namely the U.S., France and Germany, represented more than fourth of total import. Mexico (X tons), Canada (X tons), Poland (X tons), Japan (X tons), Spain (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Mexico, Canada, Denmark, Japan, the UK, Spain, Poland, the Netherlands, the Czech Republic and Cyprus, which together accounted for a further X terms of the main importing countries, Mexico experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass fiber import price in Cyprus amounted to $X per ton, rising by X% against the previous year. In general, the import price indicated a significant 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, glass fiber import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices 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 Denmark ($X per ton), while the Czech Republic ($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