Key Market Indicators
Cypriot meat sales are projected to decline slightly over the next five years, reaching approximately €287 million by 2028, down from around €290 million in 2023. This represents a modest annual decrease of 0.2%. The Cypriot meat market has experienced a downward trend since 2013, with an average yearly decline of 0.6%. In the global ranking for meat sales in 2023, Cyprus held the 31st position, with Iceland surpassing it at €290 million. The leading countries in this ranking were France, Spain, and Italy, occupying the second, third, and fourth spots, respectively. On the consumption front, Cypriot meat consumption is expected to grow slightly. By 2028, it is forecasted to reach 93,000 metric tons, up from 92,000 metric tons in 2023. This represents a modest annual growth rate of 0.2%. Since 2019, Cypriot meat demand has been on a gradual rise, increasing by 0.2% each year. However, meat production in Cyprus tells a different story. The country's meat production is anticipated to decline, falling to approximately 75,000 metric tons by 2028 from about 78,000 metric tons in 2023. This equates to an average annual decrease of 0.6%. The supply of meat in Cyprus has been on a slow decline since 1966, with a yearly reduction of 0.1%.
