Cyprus: Transformer Market 2020

Transformer Market Size in Cyprus

The revenue of the transformer 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). In general, transformer consumption continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the transformer market reached its maximum level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Transformer Exports

Exports from Cyprus

In 2018, the exports of electrical transformers from Cyprus totaled X units, declining by -X% against the previous year. In general, transformer exports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, transformer exports attained their peak of X units. From 2011 to 2018, the growth of transformer exports failed to regain its momentum.

In value terms, transformer exports stood at $X in 2018. Overall, transformer exports continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. In that year, transformer exports reached their peak of $X. From 2013 to 2018, the growth of transformer exports remained at a somewhat lower figure.

Exports by Country

China dominates transformer exports structure, resulting at X units, which was near X% of total exports in 2018. It was distantly followed by Germany (X units), achieving a X% share of total exports. Japan (X units), Malaysia (X units) and China, Hong Kong SAR (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of electrical transformers exports. At the same time, Malaysia (+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, Japan (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.), Germany (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while Japan and China, Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2018, respectively.

In value terms, China ($X) remains the largest transformer supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In China, transformer exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China, Hong Kong SAR (-X% per year).

Export Prices by Country

The transformer export price in Cyprus stood at $X per unit in 2018, surging by X% against the previous year. Over the period under review, the transformer export price, however, continues to indicate a moderate curtailment. The pace of growth was the most pronounced in 2011 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per unit in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

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

Transformer Imports

Imports into Cyprus

In 2018, the amount of electrical transformers imported into Cyprus totaled X units, coming down by -X% against the previous year. Overall, transformer imports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, transformer imports reached their peak figure at X units in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, transformer imports totaled $X in 2018. Overall, transformer imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. In that year, transformer imports reached their peak of $X. From 2011 to 2018, the growth of transformer imports remained at a somewhat lower figure.

Imports by Country

China, Hong Kong SAR was the major importing country with an import of about X units, which accounted for X% of total imports. China (X units) occupied an X% share (based on tons) of total imports, which put it in second place, followed by Mexico (X%), Brazil (X%) and Germany (X%). The U.S. (X units), Malaysia (X units), Hungary (X units), India (X units) and Poland (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to transformer imports into China, Hong Kong SAR stood at +X%. At the same time, Brazil (+X%), Hungary (+X%), India (+X%), Poland (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, China (-X%), Malaysia (-X%), the U.S. (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Hong Kong SAR and Brazil increased by +X% and +X% percentage points, while the U.S. (-X p.p.), China (-X p.p.) and Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electrical transformers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The transformer import price in Cyprus stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the transformer import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Cyprus import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

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

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

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Source: IndexBox Platform