Key Market Indicators
Cypriot leather goods sales dropped 33% from €1.5 million in 2020 to €1 million in 2021. Since 2010, the market has decreased by 15.3% year on year. Iceland came in first place with €1 million, with France, Spain and Germany in second, third, and fourth place respectively. Cypriot leather goods exports are projected to grow 3.4% year on year CAGR, reaching $2.4 million by 2026 from $1.9 million in 2021. Since 1994, supply has risen 7.5% each year. Imports of Cypriot leather goods are anticipated to fall 4% year on year on average, reaching $1.99 million by 2026 from $2.51 million in 2021. Since 1994, demand has decreased 4.4% year on year. Armenia surpassed the country in 2021, with Germany, France and Italy in second, third, and fourth place respectively.
