Key Market Indicators
Home appliance sales in Cyprus are expected to reach around €18 million by 2026, up 0.5% year on year. Since 2013, sales have grown 11.2% annually. In 2021, Croatia overtook Cyprus to lead the market at €17.65 million, with Italy, Poland, and France coming in second, third, and fourth. Exports of home appliances from Cyprus are forecast to reach roughly $3.9 million by 2026, with an average growth rate of 4% year on year. Since 1994, supplies have risen 10.6%. The Philippines overtook Cyprus in 2021, with Germany, Malaysia, and the US ranking second, third, and fourth. Imports of home appliances to Cyprus are set to reach around $12 million by 2026, increasing 1.7% year on year. Since 1994, demand has grown 3.6%. Jordan overtook Cyprus in 2021, with Germany, Japan, and France ranking second, third, and fourth.
