Key Market Indicators
Cypriot fruit consumption is projected to decline significantly in the coming years. By 2028, consumption is expected to drop to approximately 38,000 metric tons, down from around 74,000 metric tons in 2023. This represents an average annual decline of 10.4%. The trend is not new; since 2005, fruit demand in Cyprus has decreased by an average of 5.7% each year. Similarly, the production of fruits in Cyprus is also on a downward trajectory. By 2028, fruit production is forecasted to reach about 53,000 metric tons, a sharp decrease from roughly 96,000 metric tons in 2023. This marks an average annual decline of 9.4% in the compound annual growth rate (CAGR). Historical data shows that since 1966, the country's fruit supply has been decreasing by an average of 6.9% annually. In the global context, Cyprus ranked 130th in fruit production in 2023. Suriname slightly outpaced Cyprus with a production of 96,000 metric tons. Leading the global rankings were India, Brazil, and Mexico, occupying the second, third, and fourth positions respectively.
