Key Market Indicators
Cypriot Newspaper Publishing Revenue is projected to decline to €14 million by 2028, down from €16 million in 2023. This represents an annual decrease of approximately 1.8%, according to the compound annual growth rate (CAGR). The market has been experiencing a steady decline, with a year-on-year drop of 5.5% since 2015. In 2023, Cyprus ranked 24th in newspaper publishing revenue, with Slovakia surpassing it with the same revenue of €16 million. Leading the rankings were the United Kingdom, France, and Spain, placing second, third, and fourth respectively. On the import front, Cypriot newspapers saw a notable increase. In 2018, imports were valued at roughly $2.8 million, up by 5.8% from $2.7 million in 2017. Despite this recent uptick, the demand for imported newspapers has seen a long-term decline of 18.2% annually since 1994. Meanwhile, the supply of Cypriot newspapers has significantly dwindled over the years. Since 1994, the supply has decreased by an annual rate of 52.8%, reflecting the broader challenges faced by the industry.
