Cyprus: Escalator Market 2020

Escalator Market Size in Cyprus

The revenue of the escalator market in Cyprus amounted to $X in 2018, going down 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, escalator consumption continues to indicate a deep decrease. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the escalator market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Escalator Exports

Exports from Cyprus

Escalator exports from Cyprus totaled X units in 2018, dropping by -X% against the previous year. Overall, escalator exports continue to indicate a deep decrease. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, escalator exports attained their peak of X units. From 2009 to 2018, the growth of escalator exports remained at a somewhat lower figure.

In value terms, escalator exports amounted to $X in 2018. In general, escalator exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. In that year, escalator exports reached their peak of $X. From 2009 to 2018, the growth of escalator exports remained at a lower figure.

Exports by Country

China dominates escalator exports structure, finishing at X units, which was approx. X% of total exports in 2018. It was distantly followed by Slovakia (X units) and Spain (X units), together generating a X% share of total exports. Germany (X units), Oman (X units), the Czech Republic (X units) and Swaziland (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to escalator exports from China stood at +X%. At the same time, Oman (+X%), Swaziland (+X%), Spain (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, the Czech Republic (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Oman (+X p.p.), Spain (+X p.p.) and Swaziland (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the escalator export price in Cyprus amounted to $X per unit, dropping by -X% against the previous year. Overall, the escalator export price continues to indicate a temperate descent. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Cyprus export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Swaziland ($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 mixed trends in the export price figures.

Escalator Imports

Imports into Cyprus

In 2018, the amount of escalators and moving walkways imported into Cyprus amounted to X units, reducing by -X% against the previous year. Overall, escalator imports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, escalator imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, escalator imports amounted to $X in 2018. Overall, escalator imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of escalators and moving walkways, namely Turkey, the U.S., Iran, Saudi Arabia, South Korea, India, Thailand, Mexico, Singapore, Russia, Qatar and Malaysia, represented more than half of total import.

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

In value terms, South Korea ($X), Saudi Arabia ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

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

Import Prices by Country

The escalator import price in Cyprus stood at $X per unit in 2018, standing approx. at the previous year. Overall, the escalator import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per unit in 2011; however, from 2012 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 Qatar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

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Source: IndexBox Platform