Key Market Indicators
Cyprus is projected to see its wound dressing imports rise to approximately $1.7 million by 2028, marking a steady increase from around $1.6 million in 2023. This growth represents an annual compound growth rate (CAGR) of 0.8%. Over the past few decades, Cypriot demand has seen a modest annual increase of 0.4% since 1994. On the export front, Cyprus reported wound dressing exports totaling nearly $590,000 in 2018, a significant jump from roughly $410,000 in 2017. This represents a robust 43% increase year-on-year. However, despite this recent surge, Cypriot supply has experienced an average annual decline of 2.2% since 1994.
