Cyprus: Overview of the Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2019

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Cyprus

The revenue of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus amounted to $X in 2018, flattening at 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, consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a deep slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market for agricultural and construction machinery tire reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Cyprus

In 2018, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from Cyprus stood at X units, coming down by -X% against the previous year. In general, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a drastic setback. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Cyprus exports peaked at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2018. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, India (X units), distantly followed by China (X units), Taiwan, Chinese (X units), Thailand (X units), the Netherlands (X units) and the U.S. (X units) represented the key exporters of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together creating X% of total exports. The following exporters - the Czech Republic (X units), Sri Lanka (X units), Turkey (X units), Japan (X units), Spain (X units) and Germany (X units) - together made up X% of total exports.

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

In value terms, the largest agricultural and construction machinery tire markets from Cyprus were the U.S. ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

The U.S. experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus amounted to $X per unit, going up by X% against the previous year. Over the period under review, the export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continues to indicate a deep descent. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Cyprus export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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

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

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Cyprus

In 2018, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported into Cyprus totaled X units, flattening at the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a noticeable decrease. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their peak figure at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X in 2018. In general, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of 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

In 2018, the U.S. (X units), followed by Mexico (X units), Brazil (X units), Germany (X units) and Poland (X units) were the key importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together comprising X% of total imports. Canada (X units), the Netherlands (X units), Belgium (X units), the UK (X units), Italy (X units), Russia (X units) and Saudi Arabia (X units) occupied a relatively small share 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 Brazil, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Mexico ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, Mexico 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

In 2018, the import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus amounted to $X per unit, leveling off at the previous year. Overall, the import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2012 when the import price increased by X% against the previous year. Cyprus import price peaked at $X per unit in 2010; however, from 2011 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 Russia ($X per unit), while Poland ($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.

Source: IndexBox AI Platform