Cyprus: Glass Market Overview 2020

Glass Market Size in Cyprus

The revenue of the glass market in Cyprus amounted to $X in 2018, surging 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, glass consumption continues to indicate strong growth. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the glass market attained its maximum level in 2018 and is likely to continue its growth in the near future.

Glass Exports

Exports from Cyprus

Glass exports from Cyprus amounted to X square meters in 2018, jumping by X% against the previous year. Overall, glass exports continue to indicate remarkable growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, glass exports attained their peak figure 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. Overall, glass exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, glass exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Saudi Arabia (X square meters), Japan (X square meters) and China (X square meters) represented roughly X% of total exports of drawn glass and blown glass in 2018. The U.S. (X square meters) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by China, Hong Kong SAR (X%). The following exporters - Iran (X square meters) and South Korea (X square meters) - each accounted for a 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 ($X) remains the largest glass supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan totaled +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the glass export price in Cyprus amounted to $X per square meter, jumping by X% against the previous year. In general, the glass export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Cyprus export price peaked in 2018 and is likely to see steady 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 China, Hong Kong SAR ($X per square meter), while Saudi Arabia ($X per square meter) 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.

Glass Imports

Imports into Cyprus

Glass imports into Cyprus stood at X square meters in 2018, picking up by X% against the previous year. Over the period under review, glass imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. In that year, glass imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, glass imports totaled $X in 2018. In general, glass imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. In that year, glass imports attained their peak and are likely to continue its growth in the immediate term.

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 distantly followed by Taiwan, Chinese (X square meters), Mongolia (X square meters), Qatar (X square meters) and Brazil (X square meters), together creating a X% share of total imports. Armenia (X square meters), China, Hong Kong SAR (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters) and the U.S. (X square meters) held a little share of total imports.

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 South Korea ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total imports.

Among the main importing countries, Taiwan, Chinese experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass import price in Cyprus amounted to $X per square meter, declining by -X% against the previous year. Overall, the glass import price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2012 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 square meter. From 2013 to 2018, the growth in terms of the import prices for drawn glass and blown glass remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Mongolia ($X per square meter) 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 AI Platform