Cyprus: Crane Lorry Market Overview 2020

Crane Lorry Market Size in Cyprus

The revenue of the crane lorry market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Overall, crane lorry consumption, however, continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Cyprus crane lorry consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Crane Lorry Production in Cyprus

In value terms, crane lorry production amounted to $X in 2018 estimated in export prices. In general, crane lorry production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2013 when production volume increased by X% against the previous year. Over the period under review, crane lorry production reached its peak figure level at $X in 2015; however, from 2016 to 2018, production stood at a somewhat lower figure.

Crane Lorry Exports

Exports from Cyprus

Crane lorry exports from Cyprus totaled X units in 2018, dropping by -X% against the previous year. Overall, crane lorry exports continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, crane lorry exports reached their peak figure at X units in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, crane lorry exports totaled $X in 2018. Over the period under review, crane lorry exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, crane lorry exports attained their peak figure at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

Luxembourg (X units) and Namibia (X units) prevails in crane lorry exports structure, together mixing up X% of total exports. It was distantly followed by Uganda (X units) and Jamaica (X units), together constituting an X% share of total exports. Germany (X units) held a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

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

In Germany, crane lorry exports remained relatively stable over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Namibia (+X% per year).

Export Prices by Country

In 2018, the crane lorry export price in Cyprus amounted to $X per unit, coming down by -X% against the previous year. Overall, the crane lorry export price continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Cyprus export price peaked at $X per unit in 2017, and then declined slightly in the following year.

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

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

Crane Lorry Imports

Imports into Cyprus

In 2018, the amount of crane lorries imported into Cyprus totaled X units, coming down by -X% against the previous year. Over the period under review, crane lorry imports continue to indicate an abrupt setback. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, crane lorry imports attained their peak figure at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, crane lorry imports totaled $X in 2018. Over the period under review, crane lorry imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Cyprus imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Belgium (X units) was the major importer of crane lorries, mixing up X% of total imports. It was distantly followed by Saint Lucia (X units), achieving a X% share of total imports.

Imports into Belgium increased at an average annual rate of +X% from 2007 to 2018. At the same time, Saint Lucia (+X%) displayed positive paces of growth. Moreover, Saint Lucia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Belgium and Saint Lucia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported crane lorries into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of global imports.

In Belgium, crane lorry imports shrank by an average annual rate of -X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Cyprus (+X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

In 2018, the crane lorry import price in Cyprus amounted to $X per unit, going up by X% against the previous year. Overall, the crane lorry import price continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. In that year, the import prices for crane lorries attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for crane lorries remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per unit), while Saint Lucia totaled $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium.

Source: IndexBox AI Platform