Cyprus: Cement Market 2020

Cement Market Size in Cyprus

The revenue of the cement market in Cyprus amounted to $X in 2018, growing by X% against the previous year. Overall, cement consumption, however, continues to indicate a temperate reduction. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. In that year, the cement market reached its peak level of $X. From 2009 to 2018, the growth of the cement market remained at a lower figure.

Cement Production in Cyprus

In value terms, cement production totaled $X in 2018 estimated in export prices. Overall, cement production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, cement production attained its peak level of $X. From 2009 to 2018, cement production growth failed to regain its momentum.

Cement Exports

Exports from Cyprus

Cement exports from Cyprus amounted to X tons in 2018, reducing by -X% against the previous year. Overall, cement exports, however, continue to indicate extraordinary growth. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, cement exports totaled $X in 2018. In general, cement exports, however, continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Cyprus exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

China (X tons), Germany (X tons), Canada (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Turkey (X tons), Pakistan (X tons), Greece (X tons), Spain (X tons), Japan (X tons), Senegal (X tons) and Slovakia (X tons) represented roughly X% of total exports of cement in 2018.

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

In value terms, Germany ($X), China ($X) and Canada ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Turkey, Vietnam, the United Arab Emirates, Spain, Senegal, Pakistan, Greece, Japan, Slovakia and Cyprus lagged somewhat behind, together accounting 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

The cement export price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the export price indicated a measured increase 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, cement export price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. In that year, the export prices for cement reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for cement failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Greece ($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 mixed trends in the export price figures.

Cement Imports

Imports into Cyprus

Cement imports into Cyprus stood at X tons in 2018, reducing by -X% against the previous year. Overall, cement imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, cement imports reached their peak of X tons, and then declined slightly in the following year.

In value terms, cement imports totaled $X in 2018. Over the period under review, cement imports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, cement imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), followed by Sri Lanka (X tons) represented the major importers of cement, together comprising X% of total imports. China, Hong Kong SAR (X tons), the Philippines (X tons), Oman (X tons), Singapore (X tons), France (X tons), the UK (X tons), the Netherlands (X tons), Palestine (X tons), Cambodia (X tons) and Mali (X tons) held a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Oman (+X%), China, Hong Kong SAR (+X%), Cambodia (+X%), Sri Lanka (+X%), Mali (+X%), Palestine (+X%), the UK (+X%), Singapore (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. While the share of the Philippines (+X p.p.), Sri Lanka (+X p.p.), China, Hong Kong SAR (+X p.p.), Oman (+X p.p.), the U.S. (+X p.p.) and Cambodia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported cement into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and France (+X% per year).

Import Prices by Country

The cement import price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the cement import price, however, continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, the import prices for cement reached their peak figure at $X per ton 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 the Netherlands ($X per ton), while Singapore ($X per ton) 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