Cyprus: Wooden Kitchen Furniture Market 2020

Wooden Kitchen Furniture Market Size in Cyprus

The revenue of the wooden kitchen furniture market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Over the period under review, wooden kitchen furniture consumption, however, continues to indicate a deep decrease. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Over the period under review, the wooden kitchen furniture market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in Cyprus

In value terms, wooden kitchen furniture production stood at $X in 2018 estimated in export prices. In general, wooden kitchen furniture production continues to indicate a mild decline. The pace of growth was the most pronounced in 2011 when production volume increased by X% y-o-y. Cyprus wooden kitchen furniture production peaked at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Wooden Kitchen Furniture Exports

Exports from Cyprus

In 2018, the wooden kitchen furniture exports from Cyprus stood at X units, coming down by -X% against the previous year. In general, wooden kitchen furniture exports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. In that year, wooden kitchen furniture exports attained their peak of X units. From 2013 to 2018, the growth of wooden kitchen furniture exports failed to regain its momentum.

In value terms, wooden kitchen furniture exports amounted to $X in 2018. Overall, wooden kitchen furniture exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, wooden kitchen furniture exports attained their maximum at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

China (X units) and Germany (X units) represented roughly X% of total exports of wooden furniture for kitchens in 2018. Italy (X units) took the next position in the ranking, followed by Canada (X units). All these countries together occupied approx. X% share of total exports. Poland (X units), Vietnam (X units), Spain (X units), Malaysia (X units), Denmark (X units), the U.S. (X units), Sweden (X units) and France (X units) followed a long way behind the leaders.

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

In value terms, the largest wooden kitchen furniture markets from Cyprus were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by Canada, Denmark, Malaysia, Vietnam, Spain, Poland, the U.S., France, Sweden and Cyprus, which together accounted for a further X the main exporting countries, Vietnam recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wooden kitchen furniture export price in Cyprus stood at $X per unit in 2018, surging by X% against the previous year. Over the period under review, the export price indicated measured growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wooden kitchen furniture export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. In that year, the export prices for wooden furniture for kitchens 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 exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Wooden Kitchen Furniture Imports

Imports into Cyprus

Wooden kitchen furniture imports into Cyprus amounted to X units in 2018, surging by X% against the previous year. Over the period under review, wooden kitchen furniture imports, however, continue to indicate a deep decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Cyprus imports peaked at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports amounted to $X in 2018. Overall, wooden kitchen furniture imports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, wooden kitchen furniture imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. was the main importing country with an import of around X units, which reached X% of total imports. France (X units) took an X% share (based on tons) of total imports, which put it in second place, followed by China (X%). The following importers - Germany (X units), Russia (X units), the Netherlands (X units), Austria (X units), the UK (X units), Luxembourg (X units), Norway (X units), the United Arab Emirates (X units) and Sweden (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Luxembourg (+X%), China (+X%), the United Arab Emirates (+X%), Austria (+X%), Sweden (+X%), Russia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France and Norway experienced a relatively flat trend pattern. By contrast, the UK (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., China, Luxembourg and the United Arab Emirates increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.) and the Netherlands (-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. ($X) constitutes the largest market for imported wooden furniture for kitchens into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: France (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The wooden kitchen furniture import price in Cyprus stood at $X per unit in 2018, remaining constant against the previous year. Overall, the import price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wooden kitchen furniture import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. In that year, the import prices for wooden furniture for kitchens attained their peak level of $X per unit. From 2013 to 2018, the growth in terms of the import prices for wooden furniture for kitchens remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per unit), while the United Arab Emirates ($X per unit) 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