Cyprus: Refrigerated Vessel Market Overview 2020

Refrigerated Vessel Market Size in Cyprus

The revenue of the refrigerated vessel 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). Over the period under review, refrigerated vessel consumption, however, continues to indicate a remarkable increase. Over the period under review, the refrigerated vessel market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Refrigerated Vessel Exports

Exports by Country

The United Arab Emirates (X kg) represented roughly X% of total exports of refrigerated vessels (ships) in 2018.

The United Arab Emirates was also the fastest-growing in terms of the refrigerated vessels (ships) exports, with a CAGR of +X% from 2007 to 2018. The United Arab Emirates (+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, the United Arab Emirates ($X) also remains the largest refrigerated vessel supplier from Cyprus.

In the United Arab Emirates, refrigerated vessel exports expanded at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

The refrigerated vessel export price in Cyprus stood at $X per kg in 2018, therefore, remained relatively stable against the previous year. In general, the refrigerated vessel export price continues to indicate a relatively flat trend pattern.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Refrigerated Vessel Imports

Imports into Cyprus

In 2017, approx. X kg of refrigerated vessels (ships) were imported into Cyprus; approximately reflecting the previous year. Over the period under review, refrigerated vessel imports continue to indicate a prominent expansion. Cyprus imports peaked in 2017 and are likely to see steady growth in the immediate term.

In value terms, refrigerated vessel imports amounted to $X in 2017. In general, refrigerated vessel imports continue to indicate a prominent increase. Over the period under review, refrigerated vessel imports attained their maximum in 2017 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Japan (X tonnes) represented the largest importers of refrigerated vessels (ships) in the world, making up X% of total import.

Japan was also the fastest-growing in terms of the refrigerated vessels (ships) imports, with a CAGR of +X% from 2007 to 2018. While the share of Japan (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported refrigerated vessels (ships) into Cyprus.

From 2007 to 2018, the average annual growth rate of value in Japan amounted to +X%.

Import Prices by Country

The refrigerated vessel import price in Cyprus stood at $X per kg in 2018, going down by -X% against the previous year. Over the period under review, the refrigerated vessel import price continues to indicate a deep downturn. Cyprus import price peaked at $X per kg in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2007 to 2018, the rate of growth in terms of prices for Japan amounted to -X% per year.

Source: IndexBox AI Platform