Cyprus: Flax Fabric Market 2020

Flax Fabric Market Size in Cyprus

The revenue of the flax fabric market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Over the period under review, flax fabric consumption, however, continues to indicate a deep deduction. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Cyprus flax fabric consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Flax Fabric Production in Cyprus

In value terms, flax fabric production totaled $X in 2018 estimated in export prices. Overall, flax fabric production, however, continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2016 when production volume increased by X% against the previous year. Cyprus flax fabric production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Flax Fabric Exports

Exports from Cyprus

In 2018, approx. X square meters of woven fabrics of flax were exported from Cyprus; falling by -X% against the previous year. In general, flax fabric exports continue to indicate a deep shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. In that year, flax fabric exports reached their peak of X square meters. From 2017 to 2018, the growth of flax fabric exports failed to regain its momentum.

In value terms, flax fabric exports totaled $X in 2018. In general, flax fabric exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, flax fabric exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China prevails in flax fabric exports structure, recording X square meters, which was approx. X% of total exports in 2018. Italy (X square meters) held a X% share (based on tons) of total exports, which put it in second place, followed by Belarus (X%). Belgium (X square meters), China, Hong Kong SAR (X square meters), the Netherlands (X square meters), Syrian Arab Republic (X square meters), India (X square meters), Russia (X square meters), the UK (X square meters), Spain (X square meters) and Turkey (X square meters) occupied a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Syrian Arab Republic (+X%), India (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Belarus (-X%), Turkey (-X%), Belgium (-X%), Spain (-X%), Italy (-X%), the UK (-X%), Russia (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Syrian Arab Republic (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Spain (-X p.p.), Belgium (-X p.p.), the UK (-X p.p.), Italy (-X p.p.), Russia (-X p.p.) and China, Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, flax fabric exports remained relatively stable over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and Belgium (-X% per year).

Export Prices by Country

The flax fabric export price in Cyprus stood at $X per square meter in 2018, waning by -X% against the previous year. In general, the flax fabric export price continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices for woven fabrics of flax reached their peak figure at $X per square meter in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per square meter), while Syrian Arab Republic ($X per square meter) was amongst the lowest.

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

Flax Fabric Imports

Imports into Cyprus

In 2018, approx. X square meters of woven fabrics of flax were imported into Cyprus; falling by -X% against the previous year. In general, flax fabric imports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Cyprus imports peaked at X square meters in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, flax fabric imports totaled $X in 2018. In general, flax fabric imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Bangladesh (X square meters), distantly followed by the U.S. (X square meters), South Korea (X square meters), Italy (X square meters) and the Netherlands (X square meters) represented the major importers of woven fabrics of flax, together generating X% of total imports. Vietnam (X square meters), Cambodia (X square meters), Lithuania (X square meters), Japan (X square meters), the UK (X square meters), Spain (X square meters) and Indonesia (X square meters) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the woven fabrics of flax imports, with a CAGR of +X% from 2007 to 2018. At the same time, Indonesia (+X%), Cambodia (+X%), South Korea (+X%), the Netherlands (+X%), Vietnam (+X%), Lithuania (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, Spain (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Bangladesh (+X p.p.), South Korea (+X p.p.), the Netherlands (+X p.p.), Vietnam (+X p.p.), Cambodia (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK, Italy and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), the U.S. ($X) and Italy ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the flax fabric import price in Cyprus amounted to $X per square meter, surging by X% against the previous year. Overall, the flax fabric import price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for woven fabrics of flax attained their peak figure at $X per square meter in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per square meter), while South Korea ($X per square meter) 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.

Source: IndexBox Platform