Cyprus - Drawn Glass And Blown Glass - Market Analysis, Forecast, Size, Trends and Insights

Cyprus: Glass Market Overview 2019

Glass Market Size in Cyprus

The revenue of the glass market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Overall, glass consumption, however, continues to indicate a deep descent. The most prominent rate of growth was recorded in 2010, when the market value increased by X% against the previous year. In that year, the glass market attained its peak level of $X. From 2011 to 2018, the growth of the glass market failed to regain its momentum.

Glass Production in Cyprus

In value terms, glass production totaled $X in 2018 estimated in export prices. Overall, glass production continues to indicate a relatively flat trend pattern.

Glass Exports

Exports from Cyprus

In 2018, approx. X square meters of drawn glass and blown glass were exported from Cyprus; jumping by X% against the previous year. Overall, glass exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018, with an increase of X% y-o-y. Cyprus exports peaked at X square meters in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, glass exports totaled $X in 2018. Over the period under review, glass exports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2018, with an increase of X% y-o-y. In that year, glass exports reached their peak , and are likely to continue its growth in the immediate term.

Exports by Country

Saudi Arabia (X square meters) and Japan (X square meters) represented the major exporters of drawn glass and blown glass in 2018, reaching approx. X% and X% of total exports, respectively. It was distantly followed by China (X square meters), Iran (X square meters) and South Korea (X square meters), together comprising X% 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 South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest glass supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Japan, glass exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and China (-X% per year).

Export Prices by Country

In 2018, the glass export price in Cyprus amounted to $X per square meter, rising by X% against the previous year. Overall, the glass export price continues to indicate a mild growth. The growth pace was the most rapid in 2017, when the export price increased by X% year-to-year. Cyprus export price peaked in 2018, and is likely to see steady growth in the immediate term.

Export prices varied noticeably by the country of origin; the country with the highest export price was South Korea ($X per square meter), while Iran ($X per square meter) was amongst the lowest.

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

Glass Imports

Imports into Cyprus

In 2018, glass imports into Cyprus stood at X square meters, growing by X% against the previous year. Over the period under review, glass imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. Over the period under review, glass imports attained their maximum at X square meters in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, glass imports stood at $X in 2018. Over the period under review, glass imports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. In that year, glass imports reached their peak of $X. From 2011 to 2018, the growth of glass imports failed to regain its momentum.

Imports by Country

China (X square meters) and South Korea (X square meters) represented roughly X% of total imports of drawn glass and blown glass in 2018. It was followed by Taiwan, Chinese (X square meters), Qatar (X square meters), Mongolia (X square meters) and Armenia (X square meters), together making up X% share of total imports. China, Hong Kong SAR (X square meters), Thailand (X square meters), the U.S. (X square meters), Spain (X square meters) and Kuwait (X square meters) 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 Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass importing markets into Cyprus were China ($X), South Korea ($X) and Taiwan, Chinese ($X), with a combined X% share of total imports.

In terms of the main importing countries, Taiwan, Chinese recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass import price in Cyprus stood at $X per thousand square meters in 2018, dropping by -X% against the previous year. Over the period under review, the glass import price continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2009, an increase of X% year-to-year. In that year, the import prices for drawn glass and blown glass reached their peak level of $X per thousand square meters. From 2010 to 2018, the growth in terms of the import prices for drawn glass and blown glass remained at a somewhat lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per thousand square meters), while Mongolia ($X per thousand square meters) was amongst the lowest.

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

Source: IndexBox AI Platform