Cyprus: Toy Market 2020

Toy Market Size in Cyprus

The revenue of the toy market in Cyprus amounted to $X in 2018, jumping 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). In general, toy consumption continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Cyprus toy consumption peaked in 2018 and is likely to continue its growth in the near future.

Toy Exports

Exports from Cyprus

Toy exports from Cyprus totaled X tons in 2018, declining by -X% against the previous year. In general, toy exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, toy exports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, toy exports amounted to $X in 2018. In general, toy exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Cyprus exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

China prevails in toy exports structure, finishing at X tons, which was approx. X% of total exports in 2018. It was distantly followed by China, Hong Kong SAR (X tons), generating a X% share of total exports. The following exporters - Germany (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Vietnam (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), the Netherlands (+X%), the Czech Republic (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while China, Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest toy supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by the Czech Republic, 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: China, Hong Kong SAR (-X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

The toy export price in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the export price indicated a buoyant increase 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, toy export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices for dolls and toys reached their peak figure in 2018 and is likely to continue its growth in the near future.

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

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

Toy Imports

Imports into Cyprus

In 2018, the amount of dolls and toys imported into Cyprus stood at X tons, surging by X% against the previous year. In general, toy imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, toy imports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, toy imports stood at $X in 2018. Overall, toy imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Cyprus imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The U.S. represented the major importing country with an import of around X tons, which resulted at X% of total imports. The UK (X tons) took the second position in the ranking, followed by Germany (X tons) and China, Hong Kong SAR (X tons). All these countries together occupied near X% share of total imports. France (X tons), Russia (X tons), Japan (X tons), Canada (X tons), the Netherlands (X tons), Spain (X tons), the Czech Republic (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to toy imports into the U.S. stood at -X%. At the same time, Russia (+X%), the Czech Republic (+X%), the Netherlands (+X%), Germany (+X%) and France (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Belgium and Japan experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%), Canada (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Russia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) and China, Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., toy imports expanded at 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: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the toy import price in Cyprus amounted to $X per ton, remaining constant against the previous year. Overall, the toy import price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the import prices for dolls and toys attained their peak figure at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform