Cyprus: Mower Market 2020

Mower Market Size in Cyprus

The revenue of the mower market in Cyprus amounted to $X in 2018, increasing 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, mower consumption continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Cyprus mower consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Mower Exports

Exports from Cyprus

In 2018, the amount of mowers exported from Cyprus stood at X units, remaining stable against the previous year. In general, mower exports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. In that year, mower exports reached their peak of X units. From 2013 to 2018, the growth of mower exports failed to regain its momentum.

In value terms, mower exports stood at $X in 2018. Overall, mower exports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, mower exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China prevails in mower exports structure, recording X units, which was approx. X% of total exports in 2018. Germany (X units) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%), the UK (X%) and Mexico (X%). Italy (X units), the Netherlands (X units), Hungary (X units), Slovakia (X units), the Czech Republic (X units), Austria (X units) and Poland (X units) occupied a minor share of total exports.

China experienced a relatively flat trend pattern of mowers exports. At the same time, Poland (+X%), the Netherlands (+X%), the Czech Republic (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Hungary and Mexico experienced a relatively flat trend pattern. By contrast, Austria (-X%), the U.S. (-X%), Slovakia (-X%) and Italy (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), the UK (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S. and Italy saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mower markets from Cyprus were China ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Italy, Austria, the UK, Mexico, the Netherlands, Poland, Hungary, Slovakia, the Czech Republic and Cyprus, which together accounted for a further X the main exporting countries, Poland 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 mower export price in Cyprus stood at $X per unit in 2018, waning by -X% against the previous year. Overall, the mower export price continues to indicate a sharp drop. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Over the period under review, the export prices for mowers attained their maximum at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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

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

Mower Imports

Imports into Cyprus

In 2018, approx. X units of mowers were imported into Cyprus; coming down by -X% against the previous year. In general, mower imports continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, mower imports stood at $X in 2018. Over the period under review, mower imports continue to indicate a deep descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X units), distantly followed by the U.S. (X units), the UK (X units), Malaysia (X units) and France (X units) represented the largest importers of mowers, together creating X% of total imports. Poland (X units), Canada (X units), Australia (X units), the Netherlands (X units), Russia (X units), Sweden (X units) and Italy (X units) took 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 Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest mower importing markets into Cyprus were Germany ($X), France ($X) and the U.S. ($X), together comprising X% of total imports. Canada, the UK, Australia, the Netherlands, Sweden, Italy, Poland, Russia, Malaysia and Cyprus lagged somewhat behind, together accounting for a further X terms of the main importing countries, Australia experienced 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 mower import price in Cyprus stood at $X per unit in 2018, increasing by X% against the previous year. In general, the mower import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2014 when the import price increased by X% y-o-y. Cyprus import price peaked in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Malaysia ($X per unit) was 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 Platform