Cyprus: Tableware Market 2020

Tableware Market Size in Cyprus

The revenue of the tableware market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Over the period under review, tableware consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Cyprus tableware consumption peaked at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Tableware Production in Cyprus

In value terms, tableware production amounted to $X in 2018 estimated in export prices. In general, tableware production continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Cyprus tableware production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Tableware Exports

Exports from Cyprus

In 2018, the amount of tableware exported from Cyprus amounted to X tons, waning by -X% against the previous year. Overall, tableware exports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Cyprus exports peaked at X tons in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, tableware exports totaled $X in 2018. Over the period under review, tableware exports continue to indicate a precipitous downturn. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, tableware exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

China dominates tableware exports structure, reaching X tons, which was approx. X% of total exports in 2018. The following exporters - Vietnam (X tons), India (X tons), Germany (X tons) and France (X tons) - each reached a X% share of total exports.

China experienced a relatively flat trend pattern of tableware exports. At the same time, France (+X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Vietnam experienced a relatively flat trend pattern. By contrast, Germany (-X%) and India (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tableware supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the tableware export price in Cyprus amounted to $X per ton, waning by -X% against the previous year. Overall, the tableware export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2010 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 failed to regain their momentum.

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

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

Tableware Imports

Imports into Cyprus

In 2018, approx. X tons of tableware were imported into Cyprus; waning by -X% against the previous year. Overall, tableware imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Cyprus imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, tableware imports stood at $X in 2018. Overall, tableware imports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and the UK (X tons) were the largest importers of tableware, together comprising X% of total imports. The following importers - France (X tons), Indonesia (X tons), Iran (X tons), the United Arab Emirates (X tons), the Netherlands (X tons), Canada (X tons), Mexico (X tons), Spain (X tons) and Brazil (X tons) - together made up X% of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Mexico (+X%), Indonesia (+X%), Brazil (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the UK (-X%), Iran (-X%), France (-X%), Canada (-X%), Germany (-X%), Spain (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Spain, the UK, France, Germany, the United Arab Emirates and the U.S. decreased by -X%, -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 U.S. ($X) constitutes the largest market for imported tableware into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., tableware imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the UK (-X% per year).

Import Prices by Country

The tableware import price in Cyprus stood at $X per ton in 2018, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, the import prices for tableware attained their maximum at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform