Cyprus: Thermostat Market 2020

Thermostat Market Size in Cyprus

The revenue of the thermostat market in Cyprus amounted to $X in 2018, going 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). In general, thermostat consumption continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Cyprus thermostat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Thermostat Exports

Exports from Cyprus

In 2018, the exports of thermostats from Cyprus amounted to X units, waning by -X% against the previous year. Overall, thermostat exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Cyprus exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, thermostat exports totaled $X in 2018. Over the period under review, thermostat exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. In that year, thermostat exports reached their peak of $X. From 2011 to 2018, the growth of thermostat exports remained at a somewhat lower figure.

Exports by Country

In 2018, China (X units) and Japan (X units) were the major exporters of thermostatsin the world, together creating X% of total exports. China, Hong Kong SAR (X units) ranks next in terms of the total exports with a X% share, followed by Mexico (X%). Germany (X units), the Czech Republic (X units), Italy (X units), the U.S. (X units), Croatia (X units) and France (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 Croatia, while the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat markets from Cyprus were China ($X), Germany ($X) and Mexico ($X), with a combined X% share of total exports.

China recorded the highest growth rate of exports, among 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 thermostat export price in Cyprus amounted to $X per unit, growing by X% against the previous year. In general, the thermostat export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. In that year, the export prices for thermostats attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for thermostats remained at a somewhat lower figure.

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

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

Thermostat Imports

Imports into Cyprus

Thermostat imports into Cyprus stood at X units in 2018, lowering by -X% against the previous year. Over the period under review, thermostat imports continue to indicate a drastic deduction. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, thermostat imports amounted to $X in 2018. Overall, thermostat imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China, Hong Kong SAR was the key importer of thermostats in the world, with the volume of imports resulting at X units, which was approx. X% of total imports in 2018. It was distantly followed by China (X units), Germany (X units), the U.S. (X units), Mexico (X units) and Turkey (X units), together mixing up a X% share of total imports. The following importers - Italy (X units), the Czech Republic (X units), the UK (X units), India (X units), Brazil (X units) and Poland (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to thermostat imports into China, Hong Kong SAR stood at +X%. At the same time, India (+X%), Turkey (+X%), Brazil (+X%), China (+X%), Poland (+X%), Germany (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Czech Republic experienced a relatively flat trend pattern. By contrast, the UK (-X%), the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. China, Hong Kong SAR (+X p.p.), China (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported thermostats into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

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

Import Prices by Country

In 2018, the thermostat import price in Cyprus amounted to $X per unit, picking up by X% against the previous year. Overall, the import price indicated a buoyant 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. Based on 2018 figures, thermostat import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. In that year, the import prices for thermostats reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per unit), while China, Hong Kong SAR ($X per unit) 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.

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Source: IndexBox Platform