Key Market Indicators
Cypriot maritime transport sales decreased by 32% in 2021, from €25 million in 2020 to €17 million. From 2011 to 2021, the market saw a 12.9% decrease year-on-year. Cyprus ranked 28th in the 2021 ranking; Slovenia came in ahead with €17 million. Denmark, France and the United Kingdom occupied the second, third and fourth positions, respectively. The Cypriot Fleet is estimated to reach 1,350 units by 2026, falling by a CAGR of 5.6% from 1,820 units in 2021. From 2007 to 2021, the supply has decreased by 4.8% year-on-year. Bulgaria topped the 2021 ranking, while Italy, Denmark and Croatia followed in the second, third and fourth spots.
