Cyprus - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

Cyprus: Smart Card Market Overview 2019

Smart Card Market Size in Cyprus

The revenue of the smart card market in Cyprus amounted to $X in 2018, remaining stable against the previous year. Overall, smart card consumption, however, continues to indicate a relatively flat trend pattern.

Smart Card Production in Cyprus

In value terms, smart card production amounted to $X in 2018 estimated in export prices. Overall, smart card production, however, continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. In that year, smart card production reached its peak level of $X. From 2013 to 2018, smart card production growth remained at a lower figure.

Smart Card Exports

Exports from Cyprus

In 2018, the amount of cards incorporating an electronic integrated circuit (smart card) exported from Cyprus stood at X units, approximately reflecting the previous year. Overall, smart card exports, however, continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. Cyprus exports peaked at X units in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, smart card exports stood at $X in 2018. Overall, smart card exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. In that year, smart card exports reached their peak of $X. From 2013 to 2018, the growth of smart card exports failed to regain its momentum.

Exports by Country

Viet Nam represented the major exporter of cards incorporating an electronic integrated circuit (smart card) in the world, with the volume of exports resulting at X units, which was approx. X% of total exports in 2018. It was distantly followed by China (X units), comprising X% share of total exports. The following exporters - Malaysia (X units) and Mexico (X units) - each resulted at a X% share of total exports.

Viet Nam was also the fastest growing in terms of the cards incorporating an electronic integrated circuit (smart card) exports, with a CAGR of +X% from 2007 to 2018. At the same time, Mexico (+X%), Malaysia (+X%) and China (+X%) displayed positive paces of growth. While the share of Mexico (-X%), Malaysia (-X%), China (-X%) and Viet Nam (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smart card supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Malaysia, 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: Mexico (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2018, the smart card export price in Cyprus amounted to $X per thousand units, surging by X% against the previous year. Overall, the smart card export price, however, continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2012, when the export price increased by X% year-to-year. In that year, the export prices for cards incorporating an electronic integrated circuit (smart card) attained their peak level of $X per thousand units. From 2013 to 2018, the growth in terms of the export prices for cards incorporating an electronic integrated circuit (smart card) remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Mexico ($X per thousand units), while Viet Nam ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by China, while the other leaders experienced a decline in the export price figures.

Smart Card Imports

Imports into Cyprus

In 2018, imports of cards incorporating an electronic integrated circuit (smart card) into Cyprus amounted to X units, approximately mirroring the previous year. Overall, smart card imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2008, when imports increased by X% year-to-year. In that year, smart card imports attained their peak of X units. From 2009 to 2018, the growth of smart card imports remained at a somewhat lower figure.

In value terms, smart card imports totaled $X in 2018. Over the period under review, smart card imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018, with an increase of X% y-o-y. In that year, smart card imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) and the U.S. (X units) represented the key importers of cards incorporating an electronic integrated circuit (smart card) around the world, together mixing up X% of total imports. India (X units) ranks next in terms of the total imports with a X% share, followed by Germany (X%) and Viet Nam (X%). The Netherlands (X units), the UK (X units), France (X units), South Africa (X units), Indonesia (X units), China, Hong Kong SAR (X units) and Russia (X units) occupied a minor share 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 Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cards incorporating an electronic integrated circuit (smart card) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the smart card import price in Cyprus amounted to $X per thousand units, growing by X% against the previous year. In general, the smart card import price continues to indicate a perceptible growth. The most prominent rate of growth was recorded in 2018, when the import price increased by X% year-to-year. In that year, the import prices for cards incorporating an electronic integrated circuit (smart card) attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was China, Hong Kong SAR ($X per thousand units), while Viet Nam ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform