Cyprus: Hot-Rolled Steel Products Market 2020

Hot-Rolled Steel Products Market Size in Cyprus

The revenue of the hot-rolled steel products market in Cyprus amounted to $X in 2018, going up 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). Over the period under review, hot-rolled steel products consumption, however, continues to indicate a perceptible drop. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Cyprus hot-rolled steel products consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports from Cyprus

In 2018, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) exported from Cyprus totaled X tons, coming down by -X% against the previous year. Over the period under review, hot-rolled steel products exports continue to indicate a dramatic reduction. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. In that year, hot-rolled steel products exports attained their peak of X tons. From 2009 to 2018, the growth of hot-rolled steel products exports failed to regain its momentum.

In value terms, hot-rolled steel products exports totaled $X in 2018. In general, hot-rolled steel products exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. In that year, hot-rolled steel products exports reached their peak of $X. From 2009 to 2018, the growth of hot-rolled steel products exports remained at a lower figure.

Exports by Country

China (X tons) and Japan (X tons) represented roughly X% of total exports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018. South Korea (X tons) took the next position in the ranking, followed by Belgium (X tons), Germany (X tons), Russia (X tons) and France (X tons). All these countries together occupied near X% share of total exports. Taiwan, Chinese (X tons), Ukraine (X tons), India (X tons), Turkey (X tons) and the U.S. (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Belgium, Germany, France, Russia, Taiwan, Chinese, the U.S., India, Ukraine, Turkey and Cyprus, which together accounted for a further X terms of the main exporting countries, Turkey experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the hot-rolled steel products export price in Cyprus amounted to $X per ton, dropping by -X% against the previous year. Overall, the hot-rolled steel products export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) 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 a decline in the export price figures.

Hot-Rolled Steel Products Imports

Imports into Cyprus

In 2018, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into Cyprus; increasing by X% against the previous year. Over the period under review, hot-rolled steel products imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Cyprus imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, hot-rolled steel products imports totaled $X in 2018. Overall, hot-rolled steel products imports, however, continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), South Korea (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), the U.S. (X tons), China (X tons), Thailand (X tons), Belgium (X tons), Spain (X tons), France (X tons) and India (X tons) represented roughly X% of total imports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018.

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

In value terms, Germany ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Vietnam recorded 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 mixed trends in the imports figures.

Import Prices by Country

The hot-rolled steel products import price in Cyprus stood at $X per ton in 2018, remaining stable against the previous year. In general, the hot-rolled steel products import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. In that year, the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while Vietnam ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform