Cyprus: Sliver And Roving Market 2020

Sliver And Roving Market Size in Cyprus

The revenue of the sliver and roving market in Cyprus amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, sliver and roving consumption continues to indicate an abrupt shrinkage. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the sliver and roving market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Sliver And Roving Production in Cyprus

In value terms, sliver and roving production totaled $X in 2018 estimated in export prices. Overall, sliver and roving production continues to indicate a drastic contraction. The growth pace was the most rapid in 2014 when production volume increased by X% year-to-year. Cyprus sliver and roving production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Sliver And Roving Exports

Exports from Cyprus

In 2018, approx. X kg of slivers, rovings, yarn and chopped strands were exported from Cyprus; dropping by -X% against the previous year. In general, sliver and roving exports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, sliver and roving exports reached their peak figure at X kg in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, sliver and roving exports stood at $X in 2018. Over the period under review, sliver and roving exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Cyprus exports peaked at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) represented the main exporter of slivers, rovings, yarn and chopped strands, achieving X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), France (X%) and Mexico (X%). Slovakia (X tons), the Netherlands (X tons), the U.S. (X tons), Taiwan, Chinese (X tons), Egypt (X tons), the UK (X tons) and the Czech Republic (X tons) occupied a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Egypt (+X%), Malaysia (+X%), Mexico (+X%), the Netherlands (+X%), France (+X%), the Czech Republic (+X%), Belgium (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The UK, Taiwan, Chinese and the U.S. experienced a relatively flat trend pattern. While the share of Malaysia (+X p.p.), China (+X p.p.), Mexico (+X p.p.), Egypt (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sliver and roving markets from Cyprus were China ($X), Malaysia ($X) and Belgium ($X), together comprising X% of total exports. These countries were followed by the U.S., Mexico, France, the Netherlands, Taiwan, Chinese, Slovakia, the UK, the Czech Republic, Egypt and Cyprus, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sliver and roving export price in Cyprus amounted to $X per ton, jumping by X% against the previous year. In general, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sliver and roving export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices for slivers, rovings, yarn and chopped strands attained their maximum in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while China ($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.

Sliver And Roving Imports

Imports into Cyprus

In 2018, the amount of slivers, rovings, yarn and chopped strands imported into Cyprus stood at X tons, jumping by X% against the previous year. Over the period under review, sliver and roving imports, however, continue to indicate a deep decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, sliver and roving imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, sliver and roving imports totaled $X in 2018. In general, sliver and roving imports, however, continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. (X tons) and Germany (X tons) represented roughly X% of total imports of slivers, rovings, yarn and chopped strands in 2018. China (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%). The following importers - Italy (X tons), the Netherlands (X tons), India (X tons), Japan (X tons), Belgium (X tons), France (X tons), Turkey (X tons) and the UK (X tons) - together made up X% 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 South Korea, while the other leaders experienced more modest paces of growth.

In value terms, the largest sliver and roving importing markets into Cyprus were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. These countries were followed by South Korea, Italy, Belgium, Japan, the Netherlands, France, India, the UK, Turkey and Cyprus, which together accounted for a further X the main importing countries, South Korea experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sliver and roving import price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the sliver and roving import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. In that year, the import prices for slivers, rovings, yarn and chopped strands reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the import prices for slivers, rovings, yarn and chopped strands remained 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 UK ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform