Cyprus: Lock And Key Market 2020

Lock And Key Market Size in Cyprus

The revenue of the lock and key market in Cyprus amounted to $X in 2018, going up by X% against the previous year. In general, lock and key consumption, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Cyprus lock and key consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Lock And Key Production in Cyprus

In value terms, lock and key production totaled $X in 2018 estimated in export prices. In general, lock and key production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, lock and key production attained its peak level of $X. From 2012 to 2018, lock and key production growth remained at a lower figure.

Lock And Key Exports

Exports from Cyprus

Lock and key exports from Cyprus totaled X tons in 2018, surging by X% against the previous year. Overall, lock and key exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Cyprus exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, lock and key exports totaled $X in 2018. Overall, lock and key exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, lock and key exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X tons, which recorded X% of total exports. Germany (X tons) occupied the second position in the ranking, followed by Austria (X tons) and the U.S. (X tons). All these countries together took near X% share of total exports. The following exporters - Mexico (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Taiwan, Chinese (X tons), South Korea (X tons), the Czech Republic (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to lock and key exports from China stood at +X%. At the same time, South Korea (+X%), Turkey (+X%), Poland (+X%), the Czech Republic (+X%), Austria (+X%), Mexico (+X%), Taiwan, Chinese (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), Austria (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, lock and key exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the lock and key export price in Cyprus amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the lock and key export price, however, continues to indicate a deep drop. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Over the period under review, the export prices for padlocks, locks and keys of base metal attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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

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

Lock And Key Imports

Imports into Cyprus

In 2018, approx. X tons of padlocks, locks and keys of base metal were imported into Cyprus; picking up by X% against the previous year. Overall, lock and key imports, however, continue to indicate a mild drop. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, lock and key imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, lock and key imports stood at $X in 2018. In general, lock and key imports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importer of padlocks, locks and keys of base metal in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. Germany (X tons) occupied the second position in the ranking, followed by Poland (X tons). All these countries together took approx. X% share of total imports. Mexico (X tons), Canada (X tons), Russia (X tons), the UK (X tons), Spain (X tons), France (X tons), Italy (X tons), India (X tons) and the Czech Republic (X tons) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to lock and key imports into the U.S. stood at +X%. At the same time, India (+X%), Mexico (+X%), the Czech Republic (+X%), Poland (+X%), Canada (+X%), Italy (+X%), Russia (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany, France and the UK experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Mexico (+X p.p.), Poland (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported padlocks, locks and keys of base metal into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

In 2018, the lock and key import price in Cyprus amounted to $X per ton, surging by X% against the previous year. Over the period under review, the lock and key import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the import prices for padlocks, locks and keys of base metal reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform