Laser Market Overview in Cyprus
In value terms, laser production amounted to $ in 2018 estimated in export prices. Overall, laser production, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2011 when production volume increased by % against the previous year. Cyprus laser production peaked at $ in 2008; however, from 2009 to 2018, production failed to regain its momentum.
The revenue of the laser market in Cyprus amounted to $ in 2018, increasing 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). Overall, laser consumption, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Cyprus laser consumption peaked in 2018 and is likely to see steady growth in the near future.