Key Market Indicators
The production of cleaning compounds in Cyprus is projected to hit approximately €26 million by 2028, up from about €23 million in 2023. This marks an annual growth rate of 1.6% in compound annual growth rate (CAGR). Since 2013, the supply of cleaning compounds in Cyprus has been on an upward trajectory, increasing by 8.6% each year. As of 2023, Cyprus holds the 24th position globally in this sector. Estonia leads slightly with a production value of €23 million. In the same ranking, Spain, the United Kingdom, and Poland secured the second, third, and fourth positions respectively.
