Cyprus: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2019

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Cyprus

The revenue of the electrical board and console market in Cyprus amounted to $X in 2018, waning 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). Over the period under review, electrical board and console consumption continues to indicate a deep curtailment. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the electrical board and console market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Cyprus

In 2018, the exports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v from Cyprus stood at X units, approximately reflecting the previous year. Over the period under review, electrical board and console exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. In that year, electrical board and console exports attained their peak of X units. From 2012 to 2018, the growth of electrical board and console exports remained at a lower figure.

In value terms, electrical board and console exports amounted to $X in 2018. Over the period under review, electrical board and console exports continue to indicate resilient growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, electrical board and console exports reached their peak of $X. From 2012 to 2018, the growth of electrical board and console exports remained at a lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Germany (X units), Turkey (X units) and France (X units) were the key exporters of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together achieving X% of total exports. The following exporters - the United Arab Emirates (X units), South Korea (X units), Italy (X units), the Czech Republic (X units), Spain (X units), Estonia (X units), India (X units) and Portugal (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to electrical board and console exports from China stood at +X%. At the same time, Estonia (+X%), the United Arab Emirates (+X%), Portugal (+X%), India (+X%), Spain (+X%), Turkey (+X%), South Korea (+X%), Germany (+X%), the Czech Republic (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of China, Germany, Turkey, the United Arab Emirates, Estonia, Spain, India, Portugal and South Korea increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical board and console markets from Cyprus were China ($X), Germany ($X) and France ($X), together comprising X% of total exports. These countries were followed by Italy, the Czech Republic, Turkey, South Korea, Spain, Portugal, India, Estonia, the United Arab Emirates and Cyprus, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the electrical board and console export price in Cyprus amounted to $X per unit, lowering by -X% against the previous year. In general, the electrical board and console export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. Cyprus export price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the United Arab Emirates ($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, while the other leaders experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Cyprus

In 2018, the amount of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v imported into Cyprus totaled X units, going down by -X% against the previous year. Overall, electrical board and console imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, electrical board and console imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, electrical board and console imports amounted to $X in 2018. Over the period under review, electrical board and console imports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, electrical board and console imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of electrical board and console imports in 2018 were India (X units), the U.S. (X units), Russia (X units), Finland (X units), Indonesia (X units), Saudi Arabia (X units), Vietnam (X units), Iraq (X units), the United Arab Emirates (X units), Qatar (X units), South Korea (X units) and Malaysia (X units), together amounting to 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 Qatar, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), India ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

India 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 electrical board and console import price in Cyprus amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the electrical board and console import price continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. In that year, the import prices for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the import prices for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v failed to regain its momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform