Key Market Indicators
Cyprus is projected to see a significant increase in fuel imports over the next five years. By 2028, the nation's fuel imports are expected to reach approximately 2,020 cubic meters, up from around 1,770 cubic meters in 2023. This marks an average annual growth rate of 2.1%. Since 1997, Cypriot fuel demand has experienced a notable upward trend, increasing at an average rate of 17.4% per year. This sustained growth underscores the country's expanding energy needs and the critical role of fuel imports in meeting them.
