Cyprus - Public-Transport Type Passenger Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

Cyprus: Bus Market Overview 2019

Bus Market Size in Cyprus

The revenue of the bus market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, bus consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017, when the market value increased by X% year-to-year. Over the period under review, the bus market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Bus Production in Cyprus

In value terms, bus production amounted to $X in 2018 estimated in export prices. In general, bus production continues to indicate a relatively flat trend pattern.

Bus Exports

Exports from Cyprus

In 2018, approx. X units of public-transport type passenger motor vehicles were exported from Cyprus; dropping by -X% against the previous year. In general, bus exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. Over the period under review, bus exports attained their peak figure at X units in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, bus exports stood at $X in 2018. Overall, bus exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012, when exports increased by X% against the previous year. In that year, bus exports attained their peak of $X. From 2013 to 2018, the growth of bus exports failed to regain its momentum.

Exports by Country

In 2018, Japan (X units), distantly followed by Aruba (X units), China (X units) and Turkey (X units) were the largest exporters of public-transport type passenger motor vehicles, together comprising 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) followed a long way behind the leaders.

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, Japan ($X), Turkey ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Germany, the U.S., Belgium, South Korea, India, Thailand, Cyprus, Jordan, Yemen and Aruba lagged somewhat behind, together comprising a further X the main exporting countries, Thailand recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the bus export price in Cyprus amounted to $X thousand per unit, increasing by X% against the previous year. Over the period under review, the bus export price continues to indicate a skyrocketing expansion. 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 attained their peak figure in 2018, and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of export 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 stood at X units in 2018, reducing by -X% against the previous year. Overall, bus imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016, when imports increased by X% y-o-y. Over the period under review, bus imports reached their maximum at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, bus imports stood at $X in 2018. In general, bus imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Angola (X units) was the major importer for public-transport type passenger motor vehicles, committing 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) took a relatively small 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 Pakistan, the Philippines, the United Arab Emirates, Guatemala and Angola decreased 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 largest bus importing markets into Cyprus were the Philippines ($X), Mexico ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Mexico recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the bus import price in Cyprus amounted to $X thousand per unit, rising by X% against the previous year. Over the period under review, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the bus import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008, when the import price increased by X% y-o-y. In that year, the import prices for public-transport type passenger motor vehicles attained their peak level of $X thousand per unit. From 2009 to 2018, the growth in terms of the import prices for public-transport type passenger motor vehicles remained at a lower figure.

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

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

Source: IndexBox AI Platform