Key Market Indicators
Cypriot Sweeteners Sales are projected to maintain a steady course, reaching around 70,000 metric tons by 2028. This figure is expected to remain consistent with the sales volume recorded in 2023, indicating a stable compound annual growth rate (CAGR). Since 2019, the Cypriot market for sweeteners has experienced a slight annual decline of 0.3%. Despite this minor decrease, the industry is expected to hold its ground over the next five years. In terms of production, Cypriot sweeteners have shown stability as well. The production volume reached approximately 1,000 metric tons in 2018, maintaining the same level as in 2017. This consistency suggests that while the market has faced slight downturns, production capacities have remained relatively unchanged.
