Key Market Indicators
Cypriot Metal Products Sales are projected to reach approximately €331 million by 2028, an increase from around €321 million in 2023, growing at an average annual rate of 0.4%. Since 2013, the Cypriot market has seen a year-on-year growth of 4%. In the 2023 ranking, Cyprus held the 30th position, with Bulgaria surpassing it at €321 million. Italy, France, and Poland occupied the second, third, and fourth positions, respectively. In terms of imports, Cypriot Metal Products are expected to decline slightly, reaching about $17.9 million by 2028 from $18.2 million in 2023, with a yearly average decrease of 0.3%. Since 1994, the demand for these products in Cyprus has decreased by 0.9% annually. Exports of Cypriot Metal Products also saw a downturn, reaching $302,000 in 2018 from $334,000 in 2017, a drop of 9.5% compared to the previous year. Since 1994, the supply of these products from Cyprus has plummeted by 20.1% annually.
