Key Market Indicators
Cyprus' computer hardware export industry is projected to experience a decline, falling to approximately $149,000 by 2028. This represents a significant drop from the $249,000 expected in 2023, with an average annual decrease of 8.2%. Historical data since 1994 indicates a consistent downward trend in Cypriot supply, averaging a 6.5% decline each year. On the import side, Cyprus is anticipated to see a slight reduction in computer hardware imports. By 2028, imports are expected to reach around $13.3 million, down from $13.4 million in 2023. This translates to a modest annual decrease of 0.1%. Since 1994, the demand for computer hardware in Cyprus has consistently fallen at a rate of 0.1% per year.
