Cyprus: Yarn Market 2020

Yarn Market Size in Cyprus

The revenue of the yarn market in Cyprus amounted to $X in 2018, rising by X% against the previous year. In general, yarn consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. In that year, the yarn market reached its peak level and is likely to continue its growth in the immediate term.

Yarn Production in Cyprus

In value terms, yarn production stood at $X in 2018 estimated in export prices. In general, yarn production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Cyprus yarn production peaked in 2018 and is likely to see steady growth in the immediate term.

Yarn Exports

Exports from Cyprus

In 2018, the amount of yarn of man-made filaments exported from Cyprus totaled X tons, rising by X% against the previous year. Over the period under review, yarn exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, yarn exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, yarn exports stood at $X in 2018. In general, yarn exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Cyprus exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, China (X tons), distantly followed by India (X tons), Turkey (X tons), the Czech Republic (X tons) and Italy (X tons) represented the key exporters of yarn of man-made filaments, together mixing up X% of total exports. Taiwan, Chinese (X tons), the U.S. (X tons), Japan (X tons), South Korea (X tons), Saudi Arabia (X tons), Indonesia (X tons) and China, Hong Kong SAR (X tons) held a relatively small share of total exports.

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

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

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2018, the yarn export price in Cyprus amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the yarn export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Cyprus export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Yarn Imports

Imports into Cyprus

In 2018, the imports of yarn of man-made filaments into Cyprus amounted to X tons, growing by X% against the previous year. Over the period under review, yarn imports, however, continue to indicate a deep descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. In that year, yarn imports attained their peak of X tons. From 2011 to 2018, the growth of yarn imports remained at a lower figure.

In value terms, yarn imports stood at $X in 2018. Overall, yarn imports, however, continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of yarn imports in 2018 were Turkey (X tons), Belgium (X tons), the UK (X tons), Vietnam (X tons), the Netherlands (X tons) and China (X tons), together reaching X% of total import. The following importers - Germany (X tons), Egypt (X tons), the U.S. (X tons), India (X tons), China, Hong Kong SAR (X tons) and Thailand (X tons) - together made up X% of total imports.

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

In value terms, the largest yarn importing markets into Cyprus were China ($X), Turkey ($X) and India ($X), together accounting for X% of total imports. These countries were followed by the U.S., Vietnam, Germany, the UK, Belgium, the Netherlands, China, Hong Kong SAR, Egypt, Thailand and Cyprus, which together accounted for a further X the main importing countries, Egypt experienced 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

The yarn import price in Cyprus stood at $X per ton in 2018, reducing by -X% against the previous year. Overall, the yarn import price continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, the import prices for yarn of man-made filaments attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform