Key Market Indicators
Cyprus's metal imports are projected to climb to 820,000 metric tons by 2028, up from 730,000 metric tons in 2023. This represents an average annual growth rate of 1.9%. Historical data shows that Cypriot demand for metal has been increasing at an average rate of 1.6% per year since 1975. In the global ranking for 2023, Cyprus secured the 33rd position in metal imports. Albania narrowly edged out Cyprus with an import volume of 730,000 metric tons. Leading the pack in this ranking were France, Italy, and Spain, occupying the second, third, and fourth positions respectively.
