Key Market Indicators
Cypriot Paper Sales are projected to decline slightly over the next five years, with estimates suggesting a drop from €58 million in 2023 to approximately €57 million by 2028. This represents an average annual decrease of 0.1%. The market in Cyprus had been experiencing a steady growth of 1.4% annually since 2010. However, in 2023, the country ranked 31st in the global market, just behind Macedonia, which reported sales of €58 million. Leading the market in Europe, Italy, Finland, and France secured the second, third, and fourth positions respectively in the same ranking for 2023. The slight downturn in Cyprus contrasts with the broader trends observed in these larger markets.
