Key Market Indicators
Cypriot Jewelry Export is projected to reach €6.2 million by 2028 from €5.7 million in 2023, marking an average annual growth rate of 1.3%. Despite this growth, Cypriot supply has seen a decline of 8% per year since 2009. In 2023, Cyprus ranked 27th, with Estonia surpassing it at €5.7 million. Italy, the United Kingdom, and France held the second, third, and fourth positions, respectively. Meanwhile, Cypriot Jewelry Sales are expected to rise to €28.7 million by 2028 from €27.6 million in 2023, growing at an average annual rate of 0.6%. Since 2013, the Cypriot market has seen a steady increase of 1.9% per year. On the import front, Cypriot Jewelry Import is anticipated to reach €23.4 million by 2028 from €22.5 million in 2023, growing at an average rate of 0.6% annually. Cypriot demand has surged by 7.2% per year since 2009. In 2023, Cyprus ranked 30th, with Estonia leading at €22.5 million. The United Kingdom, France, and Italy secured the second, third, and fourth positions, respectively. However, Cypriot Jewelry Sales are expected to stagnate, remaining around €23.4 million by 2028 from €23.5 million in 2023, showing no significant average change. Since 2015, the Cypriot market has experienced a decline of 1.3% per year.
