Cyprus: Engine Generator Market Overview 2020

Engine Generator Market Size in Cyprus

The revenue of the engine generator 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). Over the period under review, engine generator consumption continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cyprus engine generator consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Engine Generator Exports

Exports from Cyprus

Engine generator exports from Cyprus totaled X tonnes in 2018, picking up by X% against the previous year. In general, engine generator exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Cyprus exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, engine generator exports stood at $X in 2018. In general, engine generator exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, engine generator exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Mexico (X tonnes), France (X tonnes), Japan (X tonnes), China (X tonnes), Spain (X tonnes), the U.S. (X tonnes), Germany (X tonnes), South Korea (X tonnes), Italy (X tonnes), the Czech Republic (X tonnes), Thailand (X tonnes) and Poland (X tonnes) were the major exporters of generators for internal combustion engines in the world, generating X% of total export.

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

In value terms, Mexico ($X), France ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. Japan, China, Spain, Germany, South Korea, Italy, the Czech Republic, Thailand, Poland and Cyprus lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Cyprus experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The engine generator export price in Cyprus stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the engine generator export price continues to indicate an abrupt reduction. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. In that year, the export prices for generators for internal combustion engines attained their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the export prices for generators for internal combustion engines failed to regain its momentum.

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

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

Engine Generator Imports

Imports into Cyprus

Engine generator imports into Cyprus stood at X tonnes in 2018, coming down by -X% against the previous year. Overall, engine generator imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Cyprus imports peaked at X tonnes in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, engine generator imports amounted to $X in 2018. Overall, engine generator imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, engine generator imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Germany (X tonnes), Mexico (X tonnes) and China (X tonnes) represented the largest importers of generators for internal combustion engines, together achieving X% of total imports. Canada (X tonnes), Spain (X tonnes), the UK (X tonnes), France (X tonnes), Russia (X tonnes), Slovakia (X tonnes), the Czech Republic (X tonnes) and Italy (X tonnes) held a relatively small 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 Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest engine generator importing markets into Cyprus were the U.S. ($X), Germany ($X) and Mexico ($X), together comprising X% of total imports. China, Canada, France, Spain, the UK, Slovakia, Italy, Russia, the Czech Republic and Cyprus lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among 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 engine generator import price in Cyprus stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the import price indicated a modest expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, engine generator import price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2009 when the import price increased by X% year-to-year. Over the period under review, the import prices for generators for internal combustion engines reached their maximum at $X per tonne in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($X per tonne) and the U.S. ($X per tonne), while Russia ($X per tonne) and the Czech Republic ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform