Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#33 In EuropeEmployees
#34 In EuropeWages
#34 In EuropeThe Iron & Steel Manufacturing in Cyprus ranks 33rd in Europe with regards to its 2024 revenue (€14.6m). Revenue received by operators in Cyprus has been moderate in volatility over the past five-year period, with the average annual change in revenue (0.7 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Iron & Steel Manufacturing industry in Cyprus in 2024?
The market size of the Iron & Steel Manufacturing industry in Cyprus is €14.6m in 2024.
How many businesses are there in the Iron & Steel Manufacturing in Cyprus industry in 2024?
There are 3 businesses in the Iron & Steel Manufacturing industry in Cyprus, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Iron & Steel Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Iron & Steel Manufacturing industry in Cyprus has been declining at a CAGR of 0.0 % between 2019 and 2024.
What is the forecast growth of the Iron & Steel Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Iron & Steel Manufacturing industry in Cyprus is expected to decline.
What are the biggest companies in the Iron & Steel Manufacturing market in Cyprus?
The biggest companies operating in the Iron & Steel Manufacturing market in Cyprus are ArcelorMittal SA, Voestalpine AG and Thyssenkrupp Steel Europe AG
What does the Iron & Steel Manufacturing in Cyprus include?
Flat products and Bar steel are part of the Iron & Steel Manufacturing industry.
Which companies have the highest market share in the Iron & Steel Manufacturing in Cyprus?
The company holding the most market share in Cyprus is ArcelorMittal SA.
How competitive is the Iron & Steel Manufacturing industry in Cyprus?
The level of competition is moderate and steady in the Iron & Steel Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Rubber & Plastic Product Manufacturing in Cyprus
- Concrete, Cement & Plaster Product Manufacturing in Cyprus
Complementors
- Precious & Non-Ferrous Metal Manufacturing in Cyprus
- Iron & Steel Casting in Cyprus
- Non-Ferrous Metal Casting in Cyprus
Table of Contents
About this industry
Industry definition
Companies in this industry produce iron and steel in blast furnaces or reprocess steel in electric arc furnaces. Iron and steel manufacturers convert pig iron, also known as crude iron, into steel and produce ferroalloys and steel products from it. They mainly produce hot- and cold-rolled flat products that are then processed by other manufacturers.
What's included in this industry?
Flat products Bar steel Iron and steel ingots Other productsIndustry Code
241 - Manufacture of basic iron and steel in Cyprus
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Iron & Steel Manufacturing in Cyprus
- Employees in the Iron & Steel Manufacturing in Cyprus
- Business in the Iron & Steel Manufacturing in Cyprus
- Profit in the Iron & Steel Manufacturing in Cyprus
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulation pushes towards a greener steel industry in Europe. Government regulations and policy initiatives are steering Europe’s steel industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Iron & Steel Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit loss is mainly due to high utility prices. Following the Russian invasion of Ukraine in 2022, high gas and electricity prices and a rise in global steel production have caused significant losses for European manufacturers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Iron & Steel Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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