Cyprus: Starter Motor Market 2020

Starter Motor Market Size in Cyprus

The revenue of the starter motor market in Cyprus amounted to $X in 2018, picking up 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, starter motor consumption, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the starter motor market attained its peak level of $X. From 2009 to 2018, the growth of the starter motor market remained at a lower figure.

Starter Motor Exports

Exports from Cyprus

Starter motor exports from Cyprus totaled X tons in 2018, growing by X% against the previous year. In general, starter motor exports, however, continue to indicate an abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, starter motor exports totaled $X in 2018. In general, starter motor exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Cyprus exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

The countries with the highest levels of starter motor exports in 2018 were China (X tons), Japan (X tons), Mexico (X tons), the U.S. (X tons), Germany (X tons), Hungary (X tons), Poland (X tons), France (X tons), the Czech Republic (X tons), South Korea (X tons), India (X tons) and the UK (X tons), together finishing at X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest starter motor markets from Cyprus were the U.S. ($X), Japan ($X) and China ($X), together comprising X% of total exports. Mexico, Germany, Hungary, Poland, France, India, the UK, South Korea, the Czech Republic and Cyprus lagged somewhat behind, together comprising a further X Korea recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The starter motor export price in Cyprus stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the starter motor export price continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Cyprus export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

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 the U.S., while the other leaders experienced more modest paces of growth.

Starter Motor Imports

Imports into Cyprus

In 2018, the imports of starter motors and dual purpose starter generators into Cyprus stood at X tons, rising by X% against the previous year. Overall, starter motor imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, starter motor imports reached their peak of X tons. From 2009 to 2018, the growth of starter motor imports failed to regain its momentum.

In value terms, starter motor imports amounted to $X in 2018. Over the period under review, starter motor imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. In that year, starter motor imports reached their peak of $X. From 2009 to 2018, the growth of starter motor imports remained at a lower figure.

Imports by Country

The U.S. was the key importing country with an import of around X tons, which recorded X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), France (X%) and the UK (X%). China (X tons), Canada (X tons), the Netherlands (X tons), Russia (X tons), the Czech Republic (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to starter motor imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), the Czech Republic (+X%), Mexico (+X%), Russia (+X%), Germany (+X%), Spain (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Mexico (+X p.p.), Germany (+X p.p.), China (+X p.p.), the Netherlands (+X p.p.) and the Czech Republic (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported starter motors and dual purpose starter generators into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2018, the starter motor import price in Cyprus amounted to $X per ton, growing by X% against the previous year. Overall, the import price indicated a notable increase 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. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the import prices for starter motors and dual purpose starter generators reached their maximum at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform