Ministry of Finance, Statistical Service



14/10/2013
New Publication: Industrial Statistics, 2012

The Statistical Service announces the publication of the annual report “Industrial Statistics, 2012”. 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 2012 registered a negative growth rate in real terms for a second year in a row. 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 7,0% in 2012, compared to a decrease of 5,2% in 2011 and an increase of 0,2% in 2010. Specifically, according to provisional figures, manufacturing recorded a decrease of 7,4%, mining and quarrying 27,8%, electricity supply 3,6% and water supply, sewerage and waste management 4,1%.

The gross output of the industrial sector at current market prices decreased in 2012 by 5,6% and reached €4.423,0 million, compared to €4.684,3 million in 2011. Value added at current market prices is estimated to have reached €1.487,8 million compared to €1.596,7 million in 2011, recording a decrease of 6,8%. The contribution of the sector to the G.D.P. at current market prices rose to 9,1%, from 9,0% in 2011.

Employment in the whole of the sector is estimated to have decreased to 34,8 thousand from 37,7 thousand in 2011 and accounted for 9,3% of the gainfully employed population. The number of persons registered as unemployed increased from 2.794 in 2011 to 3.893 in 2012.

The major developments during 2012 were:

Manufacturing

In manufacturing, which constitutes the largest part of the industrial sector, gross output at current market prices reached €2.901,3 million in 2012 compared to €3.258,4 million in 2011, registering a decrease of 11,0%. Value added recorded a decrease of 9,5% to €978,3 million compared to €1.080,9 million in 2011. Employment decreased to 31,2 thousand compared to 34,0 thousand in 2011. Expenditure on fixed assets amounted to €94,6 million in 2012 compared to €123,8 million in 2011, recording a significant decrease of 23,5%. Machinery and equipment accounted for 47,6% of the total investment, construction work for 42,8% and transport equipment for the remaining 9,6%.

Mining and Quarrying

In mining and quarrying, gross output at current market prices reached €51,2 million in 2012, registering a decrease of 36,7% compared to 2011, while value added also decreased by 36,8% to €28,7 million. Employment reached 491 persons, while expenditure on fixed assets reached €5,0 million.

Electricity Supply

In the activity of electricity supply, the gross output at current market prices recorded an increase of 15,9% in 2012, reaching €1.091,4 million. Value added reached €335,2 million, registering an increase of 8,1%. Employment is estimated to reached 1.463 persons, while expenditure on fixed assets decreased significantly (by 64,5%), reaching €101,9 million compared to €287,3 million in 2011.

Sales of electricity decreased by 5,2% and reached 4.355,6 million kWh in 2012 from 4.594,8 million kWh in 2011.

Water Supply, Sewerage, Waste Management and Remediation Activities

In this part of the industrial sector, the gross output at current market prices rose to €379,2 million in 2012, registering a decrease of 5,9%. Value added decreased by 9,2% and reached €145,6 million. Expenditure on fixed assets decreased by 50,2% and reached €60,2 million from €121,0 million in 2011. Employment decreased by 1,9% to 1.640 persons.

Consumption of water in the urban regions is provisionally estimated to have decreased by 2,1% to 31,2 million tonnes, compared to 31,9 million tonnes in 2011.


Exports of Industrial Products

Exports of domestically produced industrial products reached €487,7 million in 2012 compared to €492,2 million in 2011, recording a decrease of 0,9%. The most important categories of industrial products exported by order of importance were pharmaceutical products, food and beverages, recycled products, basic metals, machinery and equipment and non-metallic mineral products.

Large increases compared to 2011 were recorded in the exports of cement and basic metals, while important decreases were recorded in the exports of photovoltaic cells and machinery and equipment.

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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