Key Market Indicators
The country was ranked number 52 in 2021, and was overtaken by Croatia at $2,810. The United Kingdom, China and Germany respectively were numbers 2, 3 and 4 in this ranking. Cypriot imports of sparkling wine are set to reach nearly $8.5 million by 2026, driven by an average yearly growth rate of 2.2%. Since 1994, demand has grown by 7.5% year on year. In 2021, Cyprus ranked 49th in this category, with Colombia overtaking at $7.3 million. The United Kingdom, Japan and Germany took the next three places in this ranking. Meanwhile, exports of sparkling wine from Cyprus have decreased by 14% since 2017, reaching $2.4 million in 2018. Since 1994, supply has dropped by almost 61%. In 2021, Cyprus came in 52nd, overtaken by Croatia at $2.8 million. The United Kingdom, China and Germany followed in the next three spots.
