Key Market Indicators
**Cypriot Animal Feed Sales to Surge to €176 Million by 2028** Cypriot Animal Feed Sales are projected to climb to €176 million by 2028, up from €161 million in 2023, marking an average annual growth rate of 1.4%. Over the past decade, the market has experienced a steady increase, growing by 1.9% each year since 2013. In the global ranking, Cyprus secured the 26th position in 2023, with Bosnia and Herzegovina slightly ahead at €161 million. Germany, France, and the Netherlands occupied the second, third, and fourth spots, respectively. **Export Growth on the Horizon** Cypriot Animal Feed Exports are expected to reach 3.3 million kilograms by 2028, an increase from 3 million kilograms in 2023. This represents an average annual growth rate of 1.7%. Since 1994, the supply has consistently grown at a rate of 2.8% per year. **Rising Imports Reflect Increased Demand** Cypriot Animal Feed Imports are set to hit 38.6 million kilograms by 2028, up from 34.1 million kilograms in 2023, with an annual growth rate of 1.9%. Since 1994, demand has shown a robust annual increase of 3.4%. These figures highlight the steady growth and increasing demand within the Cypriot animal feed market, indicating a healthy and expanding sector.
