Key Market Indicators
Cypriot warehousing revenue is projected to soar to approximately €42 million by 2028, up from €35 million in 2023, marking an average annual growth rate of 3.2%. This follows a notable trend since 2013, during which the Cypriot market has expanded by an impressive 7% year on year. In 2023, Cyprus ranked 28th in the warehousing revenue sector, with Slovenia narrowly edging ahead at €35 million. Leading the rankings were Germany, the Netherlands, and France, occupying the second, third, and fourth positions respectively. The steady growth in Cyprus underscores the dynamic changes and increasing importance of the warehousing industry in the region. As the sector continues to evolve, Cyprus's position in the global market shows promising upward momentum.
