Cyprus: Combine Harvester Market Overview 2020

Combine Harvester Market Size in Cyprus

The revenue of the combine harvester market in Cyprus amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, combine harvester consumption, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the combine harvester market reached its peak figure level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Combine Harvester Production in Cyprus

In value terms, combine harvester production totaled $X in 2018 estimated in export prices. Over the period under review, combine harvester production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when production volume increased by X% against the previous year. Cyprus combine harvester production peaked at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Combine Harvester Exports

Exports from Cyprus

In 2018, the combine harvester exports from Cyprus totaled X units, lowering by -X% against the previous year. Over the period under review, combine harvester exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, combine harvester exports attained their peak figure at X units in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, combine harvester exports stood at $X in 2018. In general, combine harvester exports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, combine harvester exports reached their peak of $X. From 2012 to 2018, the growth of combine harvester exports remained at a somewhat lower figure.

Exports by Country

The countries with the highest levels of combine harvester exports in 2018 were Germany (X units), Thailand (X units), the U.S. (X units) and Belgium (X units), together resulting at X% of total export. China (X units) held the next position in the ranking, followed by Poland (X units). All these countries together occupied approx. X% share of total exports. Finland (X units), Brazil (X units), Italy (X units), India (X units), Russia (X units) and Japan (X units) followed a long way behind the leaders.

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

In value terms, the largest combine harvester markets from Cyprus were the U.S. ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. Thailand, China, Brazil, Poland, Italy, Japan, Russia, Finland, India and Cyprus lagged somewhat behind, together accounting for a further X the main exporting countries, Thailand recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The combine harvester export price in Cyprus stood at $X per unit in 2018, declining by -X% against the previous year. Over the period under review, the combine harvester export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Cyprus export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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

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

Combine Harvester Imports

Imports into Cyprus

In 2018, the amount of combine harvester-threshers imported into Cyprus amounted to X units, coming down by -X% against the previous year. Over the period under review, combine harvester imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. In that year, combine harvester imports reached their peak of X units, and then declined slightly in the following year.

In value terms, combine harvester imports totaled $X in 2018. Overall, combine harvester imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, combine harvester imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Canada (X units), distantly followed by Ukraine (X units), France (X units) and Poland (X units) represented the major importers of combine harvester-threshers, together constituting X% of total imports. Australia (X units), Germany (X units), Romania (X units), Mexico (X units), Bulgaria (X units), the UK (X units), China (X units) and Russia (X units) held a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to combine harvester imports into Canada stood at +X%. At the same time, Australia (+X%), Bulgaria (+X%), China (+X%), Romania (+X%), Mexico (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Ukraine experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%), the UK (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.), Australia (+X p.p.), Bulgaria (+X p.p.), Romania (+X p.p.) and China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-X p.p.) and Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported combine harvester-threshers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global imports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Canada stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Australia (+X% per year).

Import Prices by Country

In 2018, the combine harvester import price in Cyprus amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the combine harvester import price continues to indicate an abrupt downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Cyprus import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform