Cyprus: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2019

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Cyprus

The revenue of the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Cyprus amounted to $X in 2018, rising 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, consumption of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Cyprus consumption of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Cyprus

In 2018, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exported from Cyprus stood at X units, growing by X% against the previous year. In general, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Cyprus exports peaked at X units in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) totaled $X in 2018. In general, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their peak of $X. From 2011 to 2018, the growth of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) failed to regain its momentum.

Exports by Country

China (X units) and the U.S. (X units) represented roughly X% of total exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in 2018. It was distantly followed by Japan (X units), constituting a X% share of total exports. Thailand (X units), Italy (X units) and Belgium (X units) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan amounted to +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

The export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Cyprus stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. In that year, the export prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained at a somewhat lower figure.

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

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

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Cyprus

In 2018, the imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Cyprus amounted to X units, jumping by X% against the previous year. In general, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a slight expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X in 2018. Overall, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Mexico (X units), followed by Slovakia (X units), Italy (X units), China (X units) and Russia (X units) were the largest importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together making up X% of total imports. The U.S. (X units), Hungary (X units), Brazil (X units), Australia (X units), Poland (X units), Belgium (X units) and Canada (X units) occupied a little share of total imports.

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

In value terms, the U.S. ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

Import Prices by Country

The import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. In general, the import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), however, continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per unit in 2008; however, from 2009 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. ($X per unit), while Hungary ($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