Cyprus: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2019

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Cyprus

The revenue of the electric oven and cooker market in Cyprus amounted to $X in 2018, picking up 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, electric oven and cooker consumption continues to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Cyprus electric oven and cooker consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Cyprus

Electric oven and cooker exports from Cyprus stood at X units in 2018, growing by X% against the previous year. Over the period under review, electric oven and cooker exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, electric oven and cooker exports reached their peak of X units. From 2009 to 2018, the growth of electric oven and cooker exports remained at a somewhat lower figure.

In value terms, electric oven and cooker exports stood at $X in 2018. Over the period under review, electric oven and cooker exports continue to indicate a measured increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. In that year, electric oven and cooker exports reached their peak of $X. From 2009 to 2018, the growth of electric oven and cooker exports remained at a lower figure.

Exports by Country

China dominates electric oven and cooker exports structure, accounting for X units, which was approx. X% of total exports in 2018. Germany (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Turkey (X%). The following exporters - Slovenia (X units), Poland (X units), Spain (X units), Malaysia (X units), Italy (X units), the Netherlands (X units), China, Hong Kong SAR (X units), South Korea (X units) and Thailand (X units) - together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Malaysia (+X%), Slovenia (+X%), the Netherlands (+X%), South Korea (+X%), China, Hong Kong SAR (+X%), Poland (+X%), Spain (+X%), Turkey (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Slovenia (+X p.p.), Poland (+X p.p.), Turkey (+X p.p.), Malaysia (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric oven and cooker markets from Cyprus were China ($X), Germany ($X) and Turkey ($X), with a combined X% share of total exports. These countries were followed by Poland, Italy, Spain, Thailand, Slovenia, Malaysia, the Netherlands, South Korea, China, Hong Kong SAR and Cyprus, which together accounted for a further X terms of the main exporting countries, Malaysia experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The electric oven and cooker export price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Overall, the electric oven and cooker export price, however, continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. Over the period under review, the export prices for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters reached their peak figure at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

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

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Cyprus

Electric oven and cooker imports into Cyprus totaled X units in 2018, approximately reflecting the previous year. Over the period under review, electric oven and cooker imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Cyprus imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, electric oven and cooker imports stood at $X in 2018. Overall, electric oven and cooker imports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), Germany (X units) and the UK (X units) represented the key importers of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in the world, creating X% of total import. France (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Russia (X%). China, Hong Kong SAR (X units), the Netherlands (X units), Canada (X units), Italy (X units), India (X units), the Czech Republic (X units) and Poland (X units) 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 Germany, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by France, Canada, Russia, the Netherlands, Poland, Italy, China, Hong Kong SAR, the Czech Republic, India and Cyprus, which together accounted 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 electric oven and cooker import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. In general, the electric oven and cooker import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Cyprus import price peaked at $X per unit in 2008; however, from 2009 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 Canada ($X per unit), while India ($X per unit) 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.

Source: IndexBox Platform