Cyprus: Stainless Steel Angle Market 2020

Stainless Steel Angle Market Size in Cyprus

The revenue of the stainless steel angle market in Cyprus amounted to $X in 2018, picking 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). In general, stainless steel angle consumption, however, continues to indicate a drastic deduction. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Cyprus stainless steel angle consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Stainless Steel Angle Exports

Exports from Cyprus

Stainless steel angle exports from Cyprus amounted to X tons in 2018, reducing by -X% against the previous year. Overall, stainless steel angle exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, stainless steel angle exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports totaled $X in 2018. Over the period under review, stainless steel angle exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. In that year, stainless steel angle exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

China was the major exporter of angles, shapes and sections of stainless steel or other alloy steel in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2018. The UK (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - Russia (X tons), Sweden (X tons), Germany (X tons), Spain (X tons), the U.S. (X tons), South Korea (X tons), Vietnam (X tons), Italy (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Turkey (+X%), Vietnam (+X%), Spain (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. India experienced a relatively flat trend pattern. By contrast, Sweden (-X%), Germany (-X%), Russia (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam increased by +X% percentage points, while Russia (-X p.p.), the U.S. (-X p.p.), the UK (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the stainless steel angle export price in Cyprus amounted to $X per ton, waning by -X% against the previous year. Overall, the stainless steel angle export price, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. Cyprus export price peaked at $X per ton 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 Italy ($X per ton), while Vietnam ($X per ton) 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.

Stainless Steel Angle Imports

Imports into Cyprus

In 2018, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were imported into Cyprus; surging by X% against the previous year. Overall, stainless steel angle imports, however, continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, stainless steel angle imports reached their peak figure at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, stainless steel angle imports stood at $X in 2018. In general, stainless steel angle imports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, stainless steel angle 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 stainless steel angle imports in 2018 were Malaysia (X tons), Indonesia (X tons), the Philippines (X tons) and the U.S. (X tons), together reaching X% of total import. Japan (X tons), Canada (X tons), Italy (X tons), Romania (X tons), Russia (X tons), Germany (X tons), Mexico (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Malaysia ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. Italy, the Philippines, Indonesia, the Netherlands, Canada, Romania, Japan, Russia, Mexico and Cyprus lagged somewhat behind, together accounting for a further X Philippines recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The stainless steel angle import price in Cyprus stood at $X per ton in 2018, picking up by X% against the previous year. In general, the stainless steel angle import price continues to indicate a slight increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. In that year, the import prices for angles, shapes and sections of stainless steel or other alloy steel reached their peak level and is likely to continue its growth in the immediate term.

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

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

Source: IndexBox Platform