Cyprus: Chandelier Market Overview 2020

Chandelier Market Size in Cyprus

The revenue of the chandelier market in Cyprus amounted to $X in 2018, surging 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, chandelier consumption continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Cyprus chandelier consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Chandelier Exports

Exports from Cyprus

In 2018, the amount of chandeliers exported from Cyprus totaled X units, increasing by X% against the previous year. Over the period under review, chandelier exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, chandelier exports attained their maximum at X units in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, chandelier exports stood at $X in 2018. Overall, chandelier exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, chandelier exports reached their peak of $X. From 2014 to 2018, the growth of chandelier exports remained at a somewhat lower figure.

Exports by Country

China prevails in chandelier exports structure, accounting for X units, which was near 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. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. 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.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Germany (+X% per year).

Export Prices by Country

The chandelier export price in Cyprus stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the chandelier export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. In that year, the export prices for chandeliers reached their peak level of $X per unit. From 2014 to 2018, the growth in terms of the export prices for chandeliers failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of 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; shrinking by -X% against the previous year. Overall, chandelier imports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Cyprus imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, chandelier imports stood at $X in 2018. Over the period under review, chandelier imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Cyprus imports peaked 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) were the main importers of chandeliers, together mixing up X% of total imports. 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) held a minor share 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 U.S. (+X p.p.), Malaysia (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK 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, 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.

In the U.S., chandelier imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: 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, surging by X% against the previous year. In general, the import price indicated resilient 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, 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% against the previous year. In that year, the import prices for chandeliers reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest 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 prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform