Cyprus: Food Mixer Market Overview 2020

Food Mixer Market Size in Cyprus

The revenue of the food mixer market in Cyprus amounted to $X in 2018, waning 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). Overall, food mixer consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, the food mixer market attained its peak level of $X. From 2012 to 2018, the growth of the food mixer market remained at a somewhat lower figure.

Food Mixer Exports

Exports from Cyprus

In 2018, approx. X units of domestic food grinders and mixers and fruit or vegetable juice extractors were exported from Cyprus; dropping by -X% against the previous year. Overall, food mixer exports continue to indicate a drastic slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Cyprus exports peaked at X units in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, food mixer exports amounted to $X in 2018. Over the period under review, food mixer exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, food mixer exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

China was the largest exporter of domestic food grinders and mixers and fruit or vegetable juice extractors in the world, with the volume of exports recording X units, which was near X% of total exports in 2018. The U.S. (X units) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), Germany (X%) and the Netherlands (X%). Belgium (X units), Slovenia (X units), South Korea (X units), China, Hong Kong SAR (X units), France (X units), Poland (X units) and Italy (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the Netherlands (+X%), South Korea (+X%), the U.S. (+X%), Italy (+X%), Belgium (+X%), Mexico (+X%) and Slovenia (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Poland (-X%), Germany (-X%), France (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), the Netherlands (+X p.p.), Mexico (+X p.p.), Belgium (+X p.p.), South Korea (+X p.p.) and Slovenia (+X p.p.) significantly strengthened its position in terms of the global exports, while China, Hong Kong SAR and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, food mixer 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: the U.S. (+X% per year) and Germany (-X% per year).

Export Prices by Country

The food mixer export price in Cyprus stood at $X per unit in 2018, increasing by X% against the previous year. Overall, the food mixer export price continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2009 when the export price increased by X% year-to-year. Over the period under review, the export prices for domestic food grinders and mixers and fruit or vegetable juice extractors reached their maximum in 2018 and is expected to retain its growth in the near future.

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

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

Food Mixer Imports

Imports into Cyprus

In 2018, the amount of domestic food grinders and mixers and fruit or vegetable juice extractors imported into Cyprus amounted to X units, remaining relatively unchanged against the previous year. Over the period under review, food mixer imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, food mixer imports reached their peak of X units. From 2012 to 2018, the growth of food mixer imports failed to regain its momentum.

In value terms, food mixer imports amounted to $X in 2018. In general, food mixer imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, food mixer imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X units) and Germany (X units) represented the largest importers of domestic food grinders and mixers and fruit or vegetable juice extractors in 2018, resulting at near X% and X% of total imports, respectively. The Netherlands (X units) held the next position in the ranking, followed by Russia (X units). All these countries together took approx. X% share of total imports. Italy (X units), France (X units), the UK (X units), Mexico (X units), Belgium (X units), Poland (X units), Canada (X units) and Brazil (X units) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Russia, France, the Netherlands, the UK, Canada, Belgium, Poland, Mexico, Brazil and Cyprus, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the food mixer import price in Cyprus amounted to $X per unit, declining by -X% against the previous year. Overall, the food mixer import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Brazil ($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 U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform