Key Market Indicators
Cypriot freight revenue is projected to see a slight decline over the next five years, with figures expected to reach approximately €186 million by 2028. This marks a marginal decrease from the €186 million recorded in 2023, translating to a 0% year-on-year compound annual growth rate (CAGR). Despite the minor decline, the Cypriot market has shown a steady increase of 1.2% annually since 2013. In the 2023 rankings, Cyprus held the 29th position, just behind Luxembourg, which also reported freight revenue of around €186 million. Among European nations, France, Poland, and Germany secured the top three spots in the freight revenue rankings for 2023, respectively. This data underscores the competitive landscape of the freight industry across the continent.