Cyprus: Glass Fabric Market 2020

Glass Fabric Market Size in Cyprus

The revenue of the glass fabric market in Cyprus amounted to $X in 2018, surging 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). Overall, glass fabric consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Over the period under review, the glass fabric market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Glass Fabric Exports

Exports from Cyprus

In 2018, approx. X kg of woven fabrics (including narrow fabrics) of glass fibers were exported from Cyprus; declining by -X% against the previous year. Over the period under review, glass fabric exports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, glass fabric exports totaled $X in 2018. Over the period under review, glass fabric exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Cyprus exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of woven fabrics (including narrow fabrics) of glass fibers in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. Taiwan, Chinese (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Germany (X%). The following exporters - Belgium (X tons), Latvia (X tons), the U.S. (X tons), Belarus (X tons), France (X tons), Mexico (X tons) and Italy (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, Mexico (+X%), Latvia (+X%), Belgium (+X%), the Czech Republic (+X%), Taiwan, Chinese (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belarus (-X%) and France (-X%) illustrated a downward trend over the same period. China (+X p.p.), the Czech Republic (+X p.p.), Taiwan, Chinese (+X p.p.), Latvia (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fabric markets from Cyprus were China ($X), Taiwan, Chinese ($X) and the U.S. ($X), with a combined X% share of total exports. Germany, the Czech Republic, France, Belgium, Latvia, Mexico, Belarus, Italy and Cyprus lagged somewhat behind, together accounting for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass fabric export price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the glass fabric export price, however, continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. In that year, the export prices for woven fabrics (including narrow fabrics) of glass fibers reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for woven fabrics (including narrow fabrics) of glass fibers failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while China ($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 U.S., while the other leaders experienced more modest paces of growth.

Glass Fabric Imports

Imports into Cyprus

In 2018, the amount of woven fabrics (including narrow fabrics) of glass fibers imported into Cyprus totaled X tons, jumping by X% against the previous year. In general, glass fabric imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, glass fabric imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, glass fabric imports totaled $X in 2018. In general, glass fabric imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, glass fabric imports attained their maximum at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of woven fabrics (including narrow fabrics) of glass fibers, namely China, Germany, Turkey, the U.S., India, Poland, Japan, Russia, France, Spain, South Korea and Italy, represented more than half of total import.

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 glass fabric importing markets into Cyprus were China ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. Japan, South Korea, France, Italy, Poland, Turkey, Spain, India, Russia and Cyprus lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass fabric import price in Cyprus amounted to $X per ton, lowering by -X% against the previous year. In general, the glass fabric import price continues to indicate a deep shrinkage. The growth pace was the most rapid in 2009 when the import price increased by X% y-o-y. In that year, the import prices for woven fabrics (including narrow fabrics) of glass fibers reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for woven fabrics (including narrow fabrics) of glass fibers remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform