Cyprus: Ac/Dc Motor Market 2020

Ac/Dc Motor Market Size in Cyprus

The revenue of the ac/dc motor market in Cyprus amounted to $X in 2018, jumping 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, ac/dc motor consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the ac/dc motor market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Ac/Dc Motor Exports

Exports from Cyprus

In 2018, approx. X units of universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) were exported from Cyprus; falling by -X% against the previous year. In general, ac/dc motor exports continue to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. In that year, ac/dc motor exports reached their peak of X units. From 2010 to 2018, the growth of ac/dc motor exports remained at a lower figure.

In value terms, ac/dc motor exports stood at $X in 2018. Overall, ac/dc motor exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, ac/dc motor exports attained their peak of $X. From 2014 to 2018, the growth of ac/dc motor exports remained at a somewhat lower figure.

Exports by Country

China was the largest exporter of universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) in the world, with the volume of exports amounting to X units, which was approx. X% of total exports in 2018. Italy (X units) occupied the second position in the ranking, followed by Mexico (X units). All these countries together held approx. X% share of total exports. The following exporters - Vietnam (X units), Germany (X units), the U.S. (X units), the Czech Republic (X units), South Korea (X units), Slovakia (X units), France (X units) and Slovenia (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to ac/dc motor exports from China stood at +X%. At the same time, Vietnam (+X%), Slovenia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and the Czech Republic experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Slovakia (-X%), France (-X%), Mexico (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ac/dc motor markets from Cyprus were China ($X), Germany ($X) and the U.S. ($X), together comprising X% of total exports. Italy, Mexico, France, the Czech Republic, South Korea, Vietnam, Slovakia, Slovenia and Cyprus lagged somewhat behind, together accounting for a further X the main exporting countries, Vietnam recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The ac/dc motor export price in Cyprus stood at $X per unit in 2018, surging by X% against the previous year. In general, the ac/dc motor export price, however, continues to indicate an abrupt decline. The growth pace was the most rapid in 2012 when the export price increased by X% y-o-y. Over the period under review, the export prices for universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) attained their maximum at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Slovenia ($X per unit) 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.

Ac/Dc Motor Imports

Imports into Cyprus

In 2018, the amount of universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) imported into Cyprus amounted to X units, going down by -X% against the previous year. In general, ac/dc motor imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Over the period under review, ac/dc motor imports reached their peak figure at X units in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, ac/dc motor imports amounted to $X in 2018. Overall, ac/dc motor imports continue to indicate slight growth. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, ac/dc motor imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of ac/dc motor imports in 2018 were the U.S. (X units), Mexico (X units), Brazil (X units), Malaysia (X units), Italy (X units), Turkey (X units), India (X units), Poland (X units), Germany (X units), Thailand (X units), China, Hong Kong SAR (X units) and France (X units), together reaching X% 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 Brazil, while the other leaders experienced more modest paces of growth.

In value terms, the largest ac/dc motor importing markets into Cyprus were the U.S. ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by Mexico, France, India, Poland, Turkey, Malaysia, Brazil, Thailand, China, Hong Kong SAR and Cyprus, which together accounted for a further X experienced the highest growth rate of 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 ac/dc motor import price in Cyprus amounted to $X per unit, rising by X% against the previous year. In general, the import price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ac/dc motor import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. In that year, the import prices for universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform