Cyprus: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2019

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Cyprus

The revenue of the iron and steel wire market in Cyprus amounted to $X in 2018, falling 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, iron and steel wire consumption continues to indicate an abrupt reduction. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, the iron and steel wire market reached its peak level of $X. From 2009 to 2018, the growth of the iron and steel wire market remained at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Cyprus

Iron and steel wire exports from Cyprus totaled X tons in 2018, jumping by X% against the previous year. Over the period under review, iron and steel wire exports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, iron and steel wire exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, iron and steel wire exports amounted to $X in 2018. Overall, iron and steel wire exports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. In that year, iron and steel wire exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China was the main exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel) in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. It was distantly followed by Italy (X tons), South Korea (X tons), Germany (X tons) and the Czech Republic (X tons), together committing a X% share of total exports. The following exporters - Turkey (X tons), Belarus (X tons), Russia (X tons), France (X tons), Spain (X tons), Mexico (X tons) and Japan (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Mexico (+X%), Belarus (+X%), Italy (+X%), South Korea (+X%), the Czech Republic (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Russia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Turkey, Italy, South Korea and Belarus increased by +X%, +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, iron and steel wire exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (-X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2018, the iron and steel wire export price in Cyprus amounted to $X per ton, waning by -X% against the previous year. Overall, the iron and steel wire export price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Cyprus export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices stood 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 Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Cyprus

In 2018, the imports of wire of iron or non-alloy steel (stainless steel or other alloy steel) into Cyprus totaled X tons, standing approx. at the previous year. Over the period under review, iron and steel wire imports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. In that year, iron and steel wire imports reached their peak of X tons. From 2009 to 2018, the growth of iron and steel wire imports remained at a lower figure.

In value terms, iron and steel wire imports amounted to $X in 2018. In general, iron and steel wire imports continue to indicate a measured reduction. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. In that year, iron and steel wire imports attained their peak of $X. From 2009 to 2018, the growth of iron and steel wire imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X tons) and Germany (X tons) represented the key importers of wire of iron or non-alloy steel (stainless steel or other alloy steel)in the world, together constituting X% of total imports. It was followed by Poland (X tons), generating a X% share of total imports. France (X tons), India (X tons), Japan (X tons), Switzerland (X tons), Thailand (X tons), Italy (X tons), the Netherlands (X tons), the UK (X tons) and South Korea (X tons) followed a long way behind the leaders.

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

In value terms, the largest iron and steel wire importing markets into Cyprus were Germany ($X), the U.S. ($X) and France ($X), with a combined X% share of total imports. Poland, India, Japan, Italy, Thailand, Switzerland, the Netherlands, the UK, South Korea and Cyprus lagged somewhat behind, together accounting for a further X the main importing countries, India recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Cyprus stood at $X per ton in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Cyprus import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform