Cyprus: Internal Combustion Engines Market 2020

Internal Combustion Engines Market Size in Cyprus

The revenue of the internal combustion engines market in Cyprus amounted to $X in 2018, waning by -X% against the previous year. In general, internal combustion engines consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, the internal combustion engines market reached its peak level of $X. From 2015 to 2018, the growth of the internal combustion engines market failed to regain its momentum.

Internal Combustion Engines Production in Cyprus

In value terms, internal combustion engines production amounted to $X in 2018 estimated in export prices. In general, internal combustion engines production continues to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, internal combustion engines production attained its peak figure level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Cyprus

In 2018, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Cyprus totaled X units, waning by -X% against the previous year. Overall, internal combustion engines exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Cyprus exports peaked at X units in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, internal combustion engines exports amounted to $X in 2018. Overall, internal combustion engines exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. In that year, internal combustion engines exports attained their peak of $X. From 2013 to 2018, the growth of internal combustion engines exports remained at a lower figure.

Exports by Country

The countries with the highest levels of internal combustion engines exports in 2018 were the UK (X units), Hungary (X units), France (X units), Poland (X units), the U.S. (X units), Germany (X units), Italy (X units), Japan (X units), Austria (X units), Spain (X units), Sweden (X units) and Thailand (X units), together recording 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 Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines markets from Cyprus were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of total exports. These countries were followed by Hungary, Austria, the UK, Sweden, Poland, Italy, Thailand, Japan, Spain and Cyprus, which together accounted for a further X experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the internal combustion engines export price in Cyprus amounted to $X per unit, surging by X% against the previous year. Over the period under review, the internal combustion engines export price continues to indicate extraordinary growth. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, the export prices for motor vehicles compression-ignition internal combustion piston engines reached their maximum in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Internal Combustion Engines Imports

Imports into Cyprus

In 2018, the internal combustion engines imports into Cyprus stood at X units, increasing by X% against the previous year. In general, internal combustion engines imports, however, continue to indicate a drastic drop. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Cyprus imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, internal combustion engines imports stood at $X in 2018. In general, internal combustion engines imports, however, continue to indicate a slight drop. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X units), distantly followed by Mexico (X units), the U.S. (X units), Turkey (X units), the UK (X units) and the Czech Republic (X units) were the major importers of motor vehicles compression-ignition internal combustion piston engines, together committing X% of total imports. The following importers - Spain (X units), Italy (X units), France (X units), Argentina (X units), Romania (X units) and Russia (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Argentina (+X%), the U.S. (+X%), Russia (+X%), the Czech Republic (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), the UK (-X%), Spain (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., the Czech Republic, Germany and Argentina increased by +X%, +X%, +X%, +X% and +X% percentage points, while Spain (-X p.p.), the UK (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest internal combustion engines importing markets into Cyprus were Mexico ($X), Germany ($X) and the U.S. ($X), together accounting for X% of total imports. Spain, Turkey, the Czech Republic, the UK, France, Italy, Russia, Argentina, Romania and Cyprus lagged somewhat behind, together comprising a further X the main importing countries, Russia recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The internal combustion engines import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Over the period under review, the internal combustion engines import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, the import prices for motor vehicles compression-ignition internal combustion piston engines reached their peak figure in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per unit), while the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform