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Metal & Metal Ore Wholesaling in Cyprus - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

CY-G4662 March 2024 Factsheet

Revenue

€78.0m

2019-2024 0.7 %
2024-2029 X.X %

Employees

283

2019-2024 0.1 %
2024-2029 X.X %

Businesses

65

2019-2024 0.6 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 X.X %
2024-2029 X.X %

Metal & Metal Ore Wholesaling in Cyprus market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

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
#32 In Europe
Business
#28 In Europe
Employees
#30 In Europe
Wages
#32 In Europe

View industry report for Europe

Over the five years through 2024, European metal and metal ore wholesalers’ revenue is expected to dip by 3.5% to €283.4 billion, including a 4.3% contraction in 2024. COVID-19 significantly disrupted key downstream buying activity, with construction and manufacturing output stuttering, limiting demand for key metals like steel or aluminium. As the pandemic eased, investment in the two sectors picked up, helping to stimulate sales of metals. In line with a weakened travel industry, the aircraft industry has been slow to recover, constraining the need for metal parts like carbon fibre. Economic uncertainty spread among many European countries since Russia’s invasion of Ukraine in February 2022, sparking sales of precious metals like gold and silver, as they’re considered safe investments. Subdued economic growth and crippling central bank interest rate rises have stemmed investment in volatile assets like metals and metal ores, while new construction work is hard to come by.

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Enterprises
Number of businesses in 2024

Biggest companies in the Metal & Metal Ore Wholesaling in Cyprus

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024

There are no companies that hold a large enough market share in the Metal & Metal Ore Wholesaling in Cyprus industry for IBISWorld to include in this product.

Top Questions Answered in this Report

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What is the market size of the Metal & Metal Ore Wholesaling industry in Cyprus in 2024?

The market size of the Metal & Metal Ore Wholesaling industry in Cyprus is €78.0m in 2024.

How many businesses are there in the Metal & Metal Ore Wholesaling in Cyprus industry in 2024?

There are 65 businesses in the Metal & Metal Ore Wholesaling industry in Cyprus, which has grown at a CAGR of 0.6 % between 2019 and 2024.

Has the Metal & Metal Ore Wholesaling industry in Cyprus grown or declined over the past 5 years?

The market size of the Metal & Metal Ore Wholesaling industry in Cyprus has been growing at a CAGR of 0.7 % between 2019 and 2024.

What is the forecast growth of the Metal & Metal Ore Wholesaling industry in Cyprus over the next 5 years?

Over the next five years, the Metal & Metal Ore Wholesaling industry in Cyprus is expected to grow.

What does the Metal & Metal Ore Wholesaling in Cyprus include?

Ferrous metals and Non-ferrous metals are part of the Metal & Metal Ore Wholesaling industry.

How competitive is the Metal & Metal Ore Wholesaling industry in Cyprus?

The level of competition is moderate and increasing in the Metal & Metal Ore Wholesaling industry in Cyprus.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Firms operating in the industry wholesale ferrous and non-ferrous metals and ores. They also wholesale semi-finished metal products, gold and other precious metals. Industry activities also include value-added services, including cutting and shaping of metal products.

Related Terms

Metal OreIngotNon-Ferrous

What's included in this industry?

Ferrous metalsNon-ferrous metalsPrecious metals and other metalsMetal ores

Companies

Industry Code

ISIC 2006

4662 - Wholesale of metals and metal ores in Cyprus

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Metal & Metal Ore Wholesaling in Cyprus industry?


Outlook

Analysis

What's driving the Metal & Metal Ore Wholesaling in Cyprus industry outlook?


Volatility

Analysis

What influences volatility in the Metal & Metal Ore Wholesaling in Cyprus industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Metal & Metal Ore Wholesaling in Cyprus industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Specific metals have substantial roles to play in decarbonisation. Metals like lithium, which are crucial in the manufacture of batteries for electric vehicles, are growing heavily in demand.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Metal & Metal Ore Wholesaling in Cyprus industry's products and services performing?

Analysis

What are innovations in the Metal & Metal Ore Wholesaling in Cyprus industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Metal & Metal Ore Wholesaling in Cyprus industry?


International Trade

Highlights

  • Total Imports into Cyprus
  • Total Exports into Cyprus
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Only a couple of wholesalers boast a significant market share. Glencore and ArcelorMittal are the only companies with an estimated market share of over 5%, although there are likely to be significant regional variations.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Metal & Metal Ore Wholesaling in Cyprus located?

Companies

Data Tables

Top 0 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Sustainable products and ethical sourcing make up primary regulatory concerns. In most European countries, regulation is tightening on carbon emissions, resource extraction and recycling, forcing wholesalers to source and supply metals with certifications.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Metal & Metal Ore Wholesaling in Cyprus industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit is dented by adapting to the green transition. Wholesalers are finding that profit is taking a short term beating as operations are adjusted to meet the demand for green metals, with hefty costs associated with compliance.

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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 Metal & Metal Ore Wholesaling 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. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.