Feb 1, 2019

Cyprus - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

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Cyprus: Passenger Car Tire Market Overview 2019

Passenger Car Tire Market Size in Cyprus

The revenue of the passenger car tire market in Cyprus amounted to $X in 2017, rising by X% against the previous year. Over the period under review, passenger car tire consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when the market value increased by X% year-to-year. Over the period under review, the passenger car tire market attained its peak figure level at $X in 2011; however, from 2012 to 2017, consumption failed to regain its momentum.

Passenger Car Tire Production in Cyprus

In value terms, passenger car tire production totaled $X in 2017 estimated in export prices. In general, passenger car tire production continues to indicate a relatively flat trend pattern.

Passenger Car Tire Exports

Exports from Cyprus

Passenger car tire exports from Cyprus stood at X tonnes in 2017, lowering by -X% against the previous year. In general, passenger car tire exports continue to indicate an abrupt drop. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. In that year, passenger car tire exports reached their peak of X tonnes. From 2009 to 2017, the growth of passenger car tire exports failed to regain its momentum.

In value terms, passenger car tire exports stood at $X in 2017. Over the period under review, passenger car tire exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2008, when exports increased by X% against the previous year. In that year, passenger car tire exports reached their peak of $X. From 2009 to 2017, the growth of passenger car tire exports remained at a lower figure.

Exports by Country

Hungary (X kg), Norway (X kg) and Jordan (X kg) were the main destinations of passenger car tire exports from Cyprus, together accounting for X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Jordan, while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for passenger car tire exports from Cyprus, comprising X% of total passenger car tire exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Hungary stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Armenia (+X% per year).

Export Prices by Country

In 2017, the average passenger car tire export price amounted to $X per kg, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. Export price peaked in 2017, and is expected to retain its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Armenia ($X per kg), while the average price for exports to Romania ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Hungary, while the export prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tire Imports

Imports into Cyprus

Passenger car tire imports into Cyprus totaled X tonnes in 2017, picking up by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014, when imports increased by X% against the previous year. Over the period under review, passenger car tire imports reached their maximum in 2017, and are likely to continue its growth in the near future.

In value terms, passenger car tire imports totaled $X in 2017. Over the period under review, passenger car tire imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when imports increased by X% y-o-y. Over the period under review, passenger car tire imports reached their maximum at $X in 2011; however, from 2012 to 2017, imports failed to regain their momentum.

Imports by Country

In 2017, China (X tonnes) constituted the largest supplier of passenger car tire to Cyprus, with a X% share of total imports. Moreover, passenger car tire imports from China exceeded the figures recorded by the second largest supplier, Greece (X tonnes), threefold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Turkey (+X% per year).

In value terms, China ($X) constituted the largest supplier of passenger car tire to Cyprus, comprising X% of total passenger car tire imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2017, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2017, the average passenger car tire import price amounted to $X per kg, growing by X% against the previous year. Overall, the passenger car tire import price, however, continues to indicate a noticeable deduction. The most prominent rate of growth was recorded in 2008, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for tyres for motor cars attained their peak figure at $X per kg in 2011; however, from 2012 to 2017, import prices failed to regain their momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Japan ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Serbia, while the import prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

This report provides an in-depth analysis of the passenger car tire market in Cyprus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Cyprus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Cyprus
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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