Key Market Indicators
Cypriot freight revenue is projected to dip slightly to €186 million by 2028, down from €186 million in 2023, marking a near-zero percent decline on a compound annual growth rate (CAGR) basis. Despite the minimal decrease, the Cypriot market has experienced a 1.2% annual growth since 2013. In 2023, Cyprus ranked 29th globally in freight revenue. Luxembourg led the ranking at €186 million, followed by France, Poland, and Germany in the second, third, and fourth positions, respectively.
