Ministry of Finance, Statistical Service



26/09/2012
New Publication: Industrial Statistics, 2011

The Statistical Service announces the publication of the annual report “Industrial Statistics, 2011”. 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 2011 registered a negative growth rate in real terms, after the zero growth recorded in the previous year. 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 3,3% in 2011, compared to zero change in 2010 and a decrease of 3,4% in 2009. Specifically, according to provisional figures, manufacturing recorded a decrease of 3,0%, mining and quarrying 6,0% and electricity supply 6,4%. On the other hand, water supply, sewerage and waste management registered a positive rate of 1,2%.

The gross output of the industrial sector at current market prices decreased in 2011 by 1,6% and reached €4.570,0 million, compared to €4.646,0 million in 2010. Value added at current market prices is estimated to have reached €1.603,8 million compared to €1.712,5 million in 2010, recording a decrease of 6,3%. The contribution of the sector to the G.D.P. at current market prices fell in 2011 to 9,1%, from 9,3% in 2010.

Employment in the whole of the sector is estimated to have a decreased to 37,1 thousand from 38,6 thousand in 2010 and accounted for 9,5% of the gainfully employed population. The number of persons registered as unemployed increased from 2.375 in 2010 to 2.794 in 2011.

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 €3.217,6 million in 2011 compared to €3.409,3 million in 2010, registering a decrease of 5,6%. Value added recorded a decrease of 6,1% to €1.111,1 million compared to €1.183,8 million in 2010. Employment decreased to 33,5 thousand compared to 35,0 thousand in 2010. Expenditure on fixed assets amounted to €123,9 million in 2011 compared to €227,7 million in 2010, recording a significant decrease of 45,6%. Machinery and equipment accounted for 58,0% of the total investment, construction work for 35,0% and transport equipment for the remaining 7,0%.

Mining and Quarrying

In mining and quarrying, gross output at current market prices reached €79,5 million in 2011, registering a decrease of 7,6% compared to 2010, while value added also decreased by 7,7% to €46,4 million. Employment reached 534 persons, while expenditure on fixed assets reached €8,7 million.

Electricity Supply

In the activity of electricity supply, the gross output at current market prices recorded an increase of 12,2% in 2011, reaching €911,3 million. Value added reached €286,3 million, registering a decrease of 13,0%. Employment is estimated to have reached 1.492 persons, while expenditure on fixed assets decreased significantly (by 51,2%), reaching €243,5 million compared to €498,6 million in 2010.

Sales of electricity decreased by 3,9% and reached 4.594,9 million kWh in 2011 from 4.782,0 million kWh in 2010.

Water Supply, Sewerage, Waste Management and Remediation Activities

In this part of the industrial sector, the gross output at current market prices rose to €361,6 million in 2011, registering an increase of 6,8%. Value added also increased by 7,0% and reached €160,1 million. Expenditure on fixed assets decreased by 31,2% and reached €96,2 million from €139,7 million in 2010. Employment increased by 5,8% to 1.589 persons.

Consumption of water in the urban regions is provisionally estimated to have decreased by 0,7% to 31,9 million tonnes, compared to 32,1 million tonnes in 2010.

Exports of Industrial Products

Exports of domestically produced industrial products reached €489,2 million in 2011 compared to €474,4 million in 2010, recording an increase of 3,1%. The most important categories of industrial products exported by order of importance were pharmaceutical products, food and beverages, recycled products, electronics, basic metals, machinery and equipment and chemical products.

Large increases compared to 2010 were recorded in the exports of basic metals and recycling products, while important decreases were recorded in the exports of electronics and furniture.

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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