Key Market Indicators
**Cypriot Alcoholic Drink Consumption Projected to Increase by 2028** Cyprus' consumption of alcoholic beverages is projected to reach approximately 6,250 metric tons by 2028, up from 6,000 metric tons in 2023. This represents an average annual growth rate of 0.7%. Since 2019, the demand for alcoholic drinks in Cyprus has remained stable. In the global ranking for 2023, Cyprus was positioned at number 90, with Tajikistan overtaking it, also at 6,000 metric tons. India, Japan, and Russia held the second, third, and fourth positions, respectively. **Cypriot Alcoholic Drink Exports Set for Steady Growth** Meanwhile, the export of Cypriot alcoholic drinks is expected to reach around $44.2 million by 2028, up from $39.4 million in 2023. This marks a compound annual growth rate (CAGR) of 1.8%. Since 1994, Cyprus has seen a consistent annual increase in its alcoholic drink exports, with a year-on-year growth rate of 1.6%.
