Cyprus: Wheelchair Market 2020

Wheelchair Market Size in Cyprus

The revenue of the wheelchair market in Cyprus amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the wheelchair market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Wheelchair Production in Cyprus

In value terms, wheelchair production stood at $X in 2018 estimated in export prices. Over the period under review, wheelchair production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when production volume increased by X% y-o-y. In that year, wheelchair production attained its peak level of $X. From 2010 to 2018, wheelchair production growth remained at a lower figure.

Wheelchair Exports

Exports from Cyprus

In 2018, the wheelchair exports from Cyprus amounted to X units, dropping by -X% against the previous year. Overall, wheelchair exports continue to indicate a deep drop. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. In that year, wheelchair exports reached their peak of X units. From 2010 to 2018, the growth of wheelchair exports failed to regain its momentum.

In value terms, wheelchair exports stood at $X in 2018. Over the period under review, wheelchair exports continue to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, wheelchair exports attained their peak of $X. From 2010 to 2018, the growth of wheelchair exports remained at a lower figure.

Exports by Country

China prevails in wheelchair exports structure, reaching X units, which was near X% of total exports in 2018. Taiwan, Chinese (X units), Germany (X units), the UK (X units), Mexico (X units), India (X units), the Netherlands (X units) and the U.S. (X units) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to wheelchair exports from China stood at +X%. At the same time, India (+X%), the UK (+X%), the Netherlands (+X%), Germany (+X%) and the U.S. (+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. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the UK and India increased by +X%, +X% and +X% percentage points, while Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, wheelchair exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

The wheelchair export price in Cyprus stood at $X per unit in 2018, growing by X% against the previous year. In general, the wheelchair export price, however, continues to indicate a moderate setback. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. In that year, the export prices for wheelchairs attained their peak level of $X per unit. From 2010 to 2018, the growth in terms of the export prices for wheelchairs remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while China ($X per unit) 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.

Wheelchair Imports

Imports into Cyprus

In 2018, the wheelchair imports into Cyprus amounted to X units, picking up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, wheelchair imports reached their peak figure at X units in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, wheelchair imports stood at $X in 2018. In general, wheelchair imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Cyprus imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, the U.S. (X units) and the UK (X units) represented the largest importers of wheelchairsacross the globe, together generating X% of total imports. It was distantly followed by Germany (X units), achieving a X% share of total imports. India (X units), Mexico (X units), Italy (X units), Russia (X units), Taiwan, Chinese (X units), France (X units), the Netherlands (X units), Canada (X units) and Malaysia (X units) 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 India, while the other leaders experienced more modest paces of growth.

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

In the U.S., wheelchair imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the wheelchair import price in Cyprus amounted to $X per unit, lowering by -X% against the previous year. Overall, the wheelchair import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Cyprus import price peaked at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while India ($X per unit) 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