Cyprus - Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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 of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus amounted to $X in 2017, declining by -X% against the previous year. Over the period under review, consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. In that year, the market for agricultural and construction machinery tire attained its peak level of $X. From 2009 to 2017, the growth of the market for agricultural and construction machinery tire failed to regain its momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Cyprus

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2017 estimated in export prices. In general, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a relatively flat trend pattern.

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

Exports from Cyprus

In 2017, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Cyprus totaled X units, picking up by X% against the previous year. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continue to indicate a deep descent. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Cyprus exports peaked at X units in 2007; however, from 2008 to 2017, exports failed to regain their momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X in 2017. Overall, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continue to indicate a deep deduction. The pace of growth was the most pronounced in 2013, with an increase of X% against the previous year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2017, exports failed to regain their momentum.

Exports by Country

India (X units) and China (X units) were the largest exporters of tyres for agriculture, forestry, construction, industry and other off the road vehicles in 2017, recording approx. X% and X% of total exports, respectively. Thailand (X units) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Taiwan, Chinese (X%) and the Netherlands (X%). The following exporters - Sri Lanka (X units), the U.S. (X units), France (X units), Spain (X units), Japan (X units), the Czech Republic (X units) and Belgium (X units) - together made up X% of total exports.

From 2007 to 2017, 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 U.S. ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports.

In terms of the main exporting countries, the U.S. recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus stood at $X per unit in 2017, remaining constant against the previous year. Overall, 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% y-o-y. Cyprus export price peaked at $X per unit in 2013; however, from 2014 to 2017, export prices failed to regain their momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export 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 2017, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported into Cyprus; coming down by -X% against the previous year. In general, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016, when imports increased by X% y-o-y. In that year, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their peak of X units, and then declined slightly in the following year.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2017. Overall, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles, however, continue to indicate a deep decline. The growth pace was the most rapid in 2008, when imports increased by X% year-to-year. In that year, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their peak of $X. From 2009 to 2017, the growth of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained at a somewhat lower figure.

Imports by Country

In 2017, the U.S. (X units) was the largest importer for tyres for agriculture, forestry, construction, industry and other off the road vehicles, generating X% of total imports. It was distantly followed by Brazil (X units) and Mexico (X units), together mixing up X% share of total imports. Germany (X units), Poland (X units), Italy (X units), Canada (X units), the UK (X units), the Netherlands (X units), Belgium (X units) and France (X units) took a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, Brazil (+X%), Mexico (+X%), Poland (+X%), Germany (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. By contrast, the Netherlands (-X%), France (-X%), Canada (-X%), Italy (-X%) and the UK (-X%) illustrated a downward trend over the same period. The UK (X%) and Italy (X%) significantly strengthened its position in terms of the global imports, while Mexico, Brazil and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In the U.S., imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained relatively stable over the period from 2007-2017. 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 2017, the import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Cyprus amounted to $X per unit, picking up by X% against 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 drastic decrease. The most prominent rate of growth was recorded in 2009, when the import price increased by X% year-to-year. In that year, the import prices for tyres for agriculture, forestry, construction, industry and other off the road vehicles attained their peak level of $X per unit. From 2010 to 2017, the growth in terms of the import prices for tyres for agriculture, forestry, construction, industry and other off the road vehicles remained at a somewhat lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was France ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform