Key Market Indicators
The Cypriot antibiotics export market is projected to decline to approximately $3 million by 2028, down from around $3.5 million in 2023, marking a 2.5% annual decrease. This trend continues a long-term pattern, as Cypriot antibiotic supply has been falling by an average of 1.2% per year since 1997. In contrast, Cyprus's demand for imported antibiotics is expected to rise. By 2028, imports are forecasted to reach nearly $27 million, up from about $25 million in 2023. This represents an annual growth rate of 1.1%. The demand for antibiotics in Cyprus has shown a robust increase, growing by 2.5% per year on average since 1994.
