Cyprus: Market for Woven Pile Fabrics And Chenille Fabrics 2019

Market Size for Woven Pile Fabrics And Chenille Fabrics in Cyprus

The revenue of the pile and chenille fabric market in Cyprus amounted to $X in 2018, reducing 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). Over the period under review, pile and chenille fabric consumption continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Cyprus pile and chenille fabric consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Cyprus

Pile and chenille fabric exports from Cyprus amounted to X kg in 2018, waning by -X% against the previous year. Overall, pile and chenille fabric exports continue to indicate a deep deduction. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. In that year, pile and chenille fabric exports attained their peak of X tons. From 2009 to 2018, the growth of pile and chenille fabric exports remained at a somewhat lower figure.

In value terms, pile and chenille fabric exports stood at $X in 2018. Overall, pile and chenille fabric exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, pile and chenille fabric exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China dominates pile and chenille fabric exports structure, resulting at X tons, which was approx. X% of total exports in 2018. It was distantly followed by Turkey (X tons) and Germany (X tons), together achieving an X% share of total exports. Belgium (X tons), Spain (X tons), the UK (X tons), South Korea (X tons), Portugal (X tons) and Italy (X tons) took 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, the UK (+X%), Germany (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. South Korea experienced a relatively flat trend pattern. By contrast, Belgium (-X%), Turkey (-X%), Italy (-X%) and Portugal (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while Italy (-X p.p.), Portugal (-X p.p.), Belgium (-X p.p.) and Turkey (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pile and chenille fabric supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

The pile and chenille fabric export price in Cyprus stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the pile and chenille fabric export price, however, continues to indicate a mild deduction. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Cyprus

In 2018, the amount of woven pile fabrics and chenille fabrics imported into Cyprus totaled X tons, falling by -X% against the previous year. Overall, pile and chenille fabric imports continue to indicate a drastic setback. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. In that year, pile and chenille fabric imports attained their peak of X tons. From 2009 to 2018, the growth of pile and chenille fabric imports remained at a lower figure.

In value terms, pile and chenille fabric imports totaled $X in 2018. In general, pile and chenille fabric imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, pile and chenille fabric imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The United Arab Emirates (X tons), the U.S. (X tons), the UK (X tons), Iran (X tons), Poland (X tons), Russia (X tons), the Czech Republic (X tons), Bangladesh (X tons), Saudi Arabia (X tons), Germany (X tons), China, Hong Kong SAR (X tons) and Morocco (X tons) represented roughly X% of total imports of woven pile fabrics and chenille fabrics in 2018.

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

In value terms, the largest pile and chenille fabric importing markets into Cyprus were the United Arab Emirates ($X), the UK ($X) and the U.S. ($X), together comprising X% of total imports. These countries were followed by Poland, the Czech Republic, Germany, Bangladesh, Iran, Saudi Arabia, Russia, China, Hong Kong SAR, Morocco and Cyprus, which together accounted for a further X terms of the main importing countries, the Czech Republic 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 pile and chenille fabric import price in Cyprus amounted to $X per ton, increasing by X% against the previous year. Overall, the pile and chenille fabric import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. Over the period under review, the import prices for woven pile fabrics and chenille fabrics reached their peak figure at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Iran ($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 Czech Republic, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform