Cyprus: Bus Market Overview 2020

Bus Market Size in Cyprus

The revenue of the bus market in Cyprus amounted to $X in 2018, reducing 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). Overall, bus consumption continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the bus market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Bus Exports

Exports from Cyprus

In 2018, the amount of public-transport type passenger motor vehicles exported from Cyprus stood at X units, approximately mirroring the previous year. Over the period under review, bus exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, bus exports reached their peak figure at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, bus exports totaled $X in 2018. Over the period under review, bus exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, bus exports reached their peak of $X. From 2013 to 2018, the growth of bus exports remained at a lower figure.

Exports by Country

In 2018, Japan (X units), distantly followed by Aruba (X units), China (X units) and Turkey (X units) represented the main exporters of public-transport type passenger motor vehicles, together mixing up X% of total exports. The U.S. (X units), Yemen (X units), Jordan (X units), South Korea (X units), Germany (X units), Thailand (X units), India (X units) and Belgium (X units) took a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Jordan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest bus markets from Cyprus were Japan ($X), China ($X) and Turkey ($X), with a combined X% share of total exports. These countries were followed by Germany, the U.S., South Korea, Belgium, India, Thailand, Cyprus, Jordan, Yemen and Aruba, 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

The bus export price in Cyprus stood at $X per unit in 2018, surging by X% against the previous year. Overall, the bus export price continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices for public-transport type passenger motor vehicles reached their maximum in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Aruba ($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 (+X% per year), while the other leaders experienced more modest paces of growth.

Bus Imports

Imports into Cyprus

Bus imports into Cyprus totaled X units in 2018, surging by X% against the previous year. Overall, bus imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Cyprus imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, bus imports amounted to $X in 2018. In general, bus imports continue to indicate a slight slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, bus imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Angola (X units) was the main importer of public-transport type passenger motor vehicles, comprising X% of total imports. Guatemala (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). The Philippines (X units), Pakistan (X units), Yemen (X units), Mexico (X units) and Zambia (X units) occupied a minor share of total imports.

Angola was also the fastest-growing in terms of the public-transport type passenger motor vehicles imports, with a CAGR of +X% from 2007 to 2018. At the same time, Guatemala (+X%), Pakistan (+X%), the Philippines (+X%), the United Arab Emirates (+X%), Yemen (+X%) and Mexico (+X%) displayed positive paces of growth. By contrast, Zambia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Angola, Guatemala, the United Arab Emirates, the Philippines and Pakistan increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported public-transport type passenger motor vehicles into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the Philippines amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2018, the bus import price in Cyprus amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the bus import price continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the import prices for public-transport type passenger motor vehicles attained their peak figure at $X per unit in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Philippines ($X per unit), while Angola ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform