Key Market Indicators
Cypriot meat sales are projected to decline to €287 million by 2028, down from approximately €290 million in 2023, marking a 0.2% annual decrease. This continues a trend observed since 2013, where the market has shrunk by 0.6% annually. In 2023, Cyprus ranked 31st globally, overtaken by Iceland with €290 million in sales. France, Spain, and Italy secured the 2nd, 3rd, and 4th positions, respectively. In terms of meat consumption, Cyprus is expected to see a slight increase. By 2028, consumption is forecasted to reach 93,000 metric tons, up from 92,000 metric tons in 2023, representing a 0.2% annual growth rate. Since 2019, Cypriot demand for meat has consistently risen by 0.2% each year. Conversely, meat production in Cyprus is set to decline. Projections indicate that by 2028, production will decrease to around 75,000 metric tons from nearly 78,000 metric tons in 2023, translating to a 0.6% annual reduction. This downward trend in supply has been ongoing since 1966, with an average annual decrease of 0.1%.
