Diode Market Overview in Cyprus
In value terms, diode production amounted to $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. In that year, diode production reached its peak level of $. From 2017 to 2018, diode production growth failed to regain its momentum.
The revenue of the diode market in Cyprus amounted to $ in 2018, jumping by % 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, diode consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of % year-to-year. Cyprus diode consumption peaked in 2018 and is expected to retain its growth in the near future.