Cyprus - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights

Cyprus: Chandelier Market Overview 2019

Chandelier Market Size in Cyprus

The revenue of the chandelier market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Over the period under review, chandelier consumption continues to indicate a significant deduction. The pace of growth appeared the most rapid in 2018, with an increase of X% year-to-year. Over the period under review, the chandelier market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Chandelier Production in Cyprus

In value terms, chandelier production amounted to $X in 2018 estimated in export prices. Over the period under review, chandelier production continues to indicate a relatively flat trend pattern.

Chandelier Exports

Exports from Cyprus

Chandelier exports from Cyprus stood at X units in 2018, increasing by X% against the previous year. Overall, chandelier exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. Cyprus exports peaked at X units in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, chandelier exports amounted to $X in 2018. In general, chandelier exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013, with an increase of X% year-to-year. In that year, chandelier exports attained their peak of $X. From 2014 to 2018, the growth of chandelier exports remained at a lower figure.

Exports by Country

China prevails in chandelier exports structure, resulting at X units, which was approx. X% of total exports in 2018. The following exporters - Mexico (X units), Germany (X units), Italy (X units), Austria (X units), Canada (X units), Poland (X units) and Hungary (X units) - together made up X% of total exports.

China was also the fastest growing in terms of the chandeliers exports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%) and Poland (+X%) displayed positive paces of growth. Mexico and Austria experienced a relatively flat trend pattern. By contrast, Hungary (-X%), Germany (-X%) and Italy (-X%) illustrated a downward trend over the same period. Italy (X%) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, chandelier exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the chandelier export price in Cyprus amounted to $X per thousand units, reducing by -X% against the previous year. Over the period under review, the chandelier export price continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2013, when the export price increased by X% y-o-y. In that year, the export prices for chandeliers attained their peak level of $X per thousand units. From 2014 to 2018, the growth in terms of the export prices for chandeliers failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Italy ($X per thousand units), while China ($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 Poland, while the other leaders experienced more modest paces of growth.

Chandelier Imports

Imports into Cyprus

In 2018, approx. X units of chandeliers were imported into Cyprus; dropping by -X% against the previous year. In general, chandelier imports continue to indicate a deep downturn. The growth pace was the most rapid in 2013, when imports increased by X% against the previous year. Over the period under review, chandelier imports reached their maximum at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, chandelier imports amounted to $X in 2018. Overall, chandelier imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018, when imports increased by X% against the previous year. Over the period under review, chandelier imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units) and France (X units) represented the main importers of chandeliers, together comprising X% of total imports. The following importers - Russia (X units), the UK (X units), Spain (X units), the United Arab Emirates (X units), the Netherlands (X units), Saudi Arabia (X units), Italy (X units), Australia (X units) and Malaysia (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Malaysia (+X%), Saudi Arabia (+X%), Russia (+X%), France (+X%), the United Arab Emirates (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. The Netherlands and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Spain (-X%) and the UK (-X%) illustrated a downward trend over the same period. The UK (X%) significantly strengthened its position in terms of the global imports, while France, Malaysia 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, the U.S. ($X) constitutes the largest market for imported chandeliers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2018, the chandelier import price in Cyprus amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price indicated a remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the chandelier import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018, when the import price increased by X% y-o-y. In that year, the import prices for chandeliers attained their peak level, and is likely to continue its growth in the immediate term.

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

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

Source: IndexBox AI Platform