Ministry of Finance, Statistical Service



28/09/2011
New Publication: Industrial Statistics, 2010

The Statistical Service announces the publication of the annual report “Industrial Statistics, 2010”. The report provides detailed data on the broad industrial sector, covering manufacturing, mining and quarrying, electricity supply, water supply, sewerage, waste management and remediation activities.

The industrial sector in 2010 registered a negative growth rate in real terms for a second year in a row, after the positive growth rates recorded in the two previous years. On the basis of provisional estimates, this rate (as measured in terms of value added at constant market prices of 2005 by the chain linking method) for the whole of the sector recorded a decrease of 0,5% in 2010, compared to a decrease of 4,6% in 2009 and an increase of 2,1% in 2008.

The major developments during 2010 were:

Manufacturing

In manufacturing, which constitutes the largest part of the industrial sector, gross output at current market prices reached €3.253,9 million in 2010 compared to €3.322,2 million in 2009, registering a decrease of 2,1%. Value added recorded a decrease of 3,6% to €1.167,8 million compared to €1.211,0 million in 2009. Employment decreased to 34,6 thousand compared to 35,6 thousand in 2009. Expenditure on fixed assets amounted to €242,0 million in 2010 compared to €269,7 million in 2009, recording a decrease of 10,3%. Machinery and equipment accounted for 67,7% of the total investment, construction work for 26,7% and transport equipment for the remaining 5,6%.

Mining and Quarrying

In mining and quarrying, gross output at current market prices reached €90,4 million in 2010, registering an increase of 9,0% compared to 2009, while value added also increased by 9,7% to €55,5 million. Employment reached 585 persons, registering a decrease of 0,5%, while expenditure on fixed assets decreased to €16,3 million compared to €19,1 million in 2009.

Electricity Supply

In the activity of electricity supply, the gross output at current market prices recorded an increase of 25,5% in 2010, reaching €815,2 million. Value added rose to €327,0 million, registering an increase of 21,3%. Employment is estimated to have increased by 2,3% to 1.507 persons, while expenditure on fixed assets increased significantly (by 66,6%), reaching €439,9 million compared to €264,1 million in 2009.

Sales of electricity rose by 2,7% and reached 4.782,0 million kWh in 2010 from 4.655,7 million kWh in 2009.

Water Supply, Sewerage, Waste Management and Remediation Activities

In this part of the industrial sector, the gross output at current market prices rose to €310,9 million in 2010, registering an increase of 17,3%. Value added also increased by 16,5% and reached €139,3 million. Expenditure on fixed assets decreased slightly to €127,9 million from €128,2 million in 2009, while employment increased by 8,0% to 1.406 persons.

Consumption of water in the urban regions is provisionally estimated to have increased by 4,4% to 32,1 million tonnes, compared to 30,8 million tonnes in 2009.

Exports of Industrial Products

Exports of domestically produced industrial products reached €475,4 million in 2010 compared to €393,9 million in 2009, recording an increase of 20,7%. The most important categories of industrial products exported by order of importance were pharmaceutical products, food and beverages, electronics, recycled products, machinery and equipment, basic metals and chemical products.

The largest increases compared to 2009 were recorded in the exports of recycling products, electronics, food products, pharmaceutical products, basic metals and furniture, while the largest decreases were recorded in the exports of wearing apparel, leather products and accessories for motor vehicles.

An electronic version of the report can be downloaded free of charge from the website of the Statistical Service. Within the coming days, the paper publication will also be made available for sale from the Government Printing Office in Nicosia at the price of €13,50 per copy.


STATISTICAL SUBTHEME

INDUSTRY










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