Cyprus: Market for Mechanical Shovels, Excavators And Shovel Loaders 2019

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Cyprus

The revenue of the mechanical shovel and excavator market in Cyprus amounted to $X in 2018, going up 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, mechanical shovel and excavator consumption, however, continues to indicate an abrupt setback. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the mechanical shovel and excavator market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Cyprus

In 2018, the amount of mechanical shovels, excavators and shovel loaders exported from Cyprus stood at X units, increasing by X% against the previous year. In general, mechanical shovel and excavator exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Cyprus exports peaked at X units in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports amounted to $X in 2018. Overall, mechanical shovel and excavator exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, mechanical shovel and excavator exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Oman prevails in mechanical shovel and excavator exports structure, reaching X units, which was near X% of total exports in 2018. Japan (X units), China (X units), the UK (X units), South Korea (X units) and Uganda (X units) took a relatively small share of total exports.

Oman was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +X% from 2007 to 2018. At the same time, Uganda (+X%) and China (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Japan (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Oman (+X p.p.) and Uganda (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest mechanical shovel and excavator supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In Japan, mechanical shovel and excavator exports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The mechanical shovel and excavator export price in Cyprus stood at $X per unit in 2018, increasing by X% against the previous year. Overall, the mechanical shovel and excavator export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Cyprus export price peaked in 2018 and is expected to retain its growth in the near future.

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

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Cyprus

In 2018, approx. X units of mechanical shovels, excavators and shovel loaders were imported into Cyprus; increasing by X% against the previous year. Overall, mechanical shovel and excavator imports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports totaled $X in 2018. Over the period under review, mechanical shovel and excavator imports, however, continue to indicate an abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Bahrain (X units), committing a X% share of total imports. The following importers - Qatar (X units), Angola (X units), the U.S. (X units), Iraq (X units) and the Netherlands (X units) - together made up X% 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 Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by the United Arab Emirates, 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%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2018, the mechanical shovel and excavator import price in Cyprus amounted to $X per unit, approximately reflecting the previous year. Overall, the mechanical shovel and excavator import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per unit in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Bahrain ($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 a decline in the import price figures.

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Source: IndexBox Platform