Cyprus: Wheat Flour Market 2020

Wheat Flour Market Size in Cyprus

The revenue of the wheat flour market in Cyprus amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the wheat flour market attained its peak level of $X. From 2009 to 2018, the growth of the wheat flour market remained at a lower figure.

Wheat Flour Production in Cyprus

In value terms, wheat flour production totaled $X in 2018 estimated in export prices. Overall, wheat flour production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when production volume increased by X% against the previous year. In that year, wheat flour production reached its peak level of $X. From 2009 to 2018, wheat flour production growth remained at a lower figure.

Wheat Flour Exports

Exports from Cyprus

In 2018, approx. X tons of wheat or meslin flour were exported from Cyprus; rising by X% against the previous year. In general, wheat flour exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wheat flour exports totaled $X in 2018. Over the period under review, the total exports indicated a pronounced expansion from 2007 to 2018: its value 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, wheat flour exports decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. In that year, wheat flour exports reached their peak of $X. From 2013 to 2018, the growth of wheat flour exports remained at a somewhat lower figure.

Wheat Flour Imports

Imports into Cyprus

In 2018, the wheat flour imports into Cyprus totaled X tons, remaining relatively unchanged against the previous year. Over the period under review, wheat flour imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, wheat flour imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, wheat flour imports totaled $X in 2018. Overall, wheat flour imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, wheat flour imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Source: IndexBox Market Intelligence Platform