Key Market Indicators
Cyprus is set to become the 25th largest whisky exporter and importer in the world by 2026. Exports are forecasted to reach $22 million by 2026, a 2.7% year-on-year growth rate since 2021. Imports are expected to hit $42 million, a 1.4% growth rate since 2021. Since 1994, Cypriot whisky supply has risen by 2.2% year on year, while demand has grown by 2.1%. The United States, Singapore and Ireland have been ranked 2nd, 3rd, and 4th respectively in this ranking. Ukraine overtook Cyprus in 2021, with exports of $18 million.