Cyprus: Cash Register Market Overview 2020

Cash Register Market Size in Cyprus

The revenue of the cash register market in Cyprus amounted to $X in 2018, falling 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). Overall, cash register consumption continues to indicate a deep deduction. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the cash register market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Cash Register Exports

Exports from Cyprus

In 2018, the cash register exports from Cyprus totaled X units, falling by -X% against the previous year. Overall, cash register exports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, cash register exports reached their maximum at X units in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, cash register exports totaled $X in 2018. Overall, cash register exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, cash register exports reached their peak figure at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X units, which resulted at X% of total exports. Viet Nam (X units) occupied the second position in the ranking, followed by Malaysia (X units) and Singapore (X units). All these countries together occupied near X% share of total exports. Taiwan, Chinese (X units) and Indonesia (X units) occupied a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Viet Nam (+X%), Malaysia (+X%), Taiwan, Chinese (+X%), Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.), Viet Nam (+X p.p.), Malaysia (+X p.p.), Singapore (+X p.p.) and Taiwan, Chinese (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cash register exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Viet Nam (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The cash register export price in Cyprus stood at $X per unit in 2018, shrinking by -X% against the previous year. Overall, the cash register export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Cyprus export price peaked at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) 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 a decline in the export price figures.

Cash Register Imports

Imports into Cyprus

In 2018, the cash register imports into Cyprus stood at X units, standing approx. at the previous year. Over the period under review, cash register imports continue to indicate a slight decrease. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, cash register imports totaled $X in 2018. In general, cash register imports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, cash register imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units), India (X units) and Singapore (X units) represented the major importers of cash registers in the world, committing X% of total import. Italy (X units) held a X% share (based on tonnes) of total imports, which put it in second place, followed by the UK (X%) and Russia (X%). The following importers - the Netherlands (X units), China, Hong Kong SAR (X units), Japan (X units), Germany (X units), Greece (X units) and France (X units) - 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 Russia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cash registers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

In 2018, the cash register import price in Cyprus amounted to $X per unit, coming down by -X% against the previous year. Overall, the cash register import price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per unit in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform