Key Market Indicators
**Cypriot Beer Sales Projected to Hit €104 Million by 2028** Cypriot beer sales are on a steady rise, with projections indicating a growth from €89 million in 2023 to approximately €104 million by 2028. This marks an average annual growth rate of 2.4%. Since 2018, the Cypriot beer market has been expanding at a yearly rate of 2.6%. In 2023, Cyprus was ranked 22nd globally in beer sales, with Estonia surpassing it at €89 million. Leading the global rankings are the United Kingdom, Spain, and Belgium, occupying the second, third, and fourth spots, respectively. **Cypriot Beer Production to Reach Nearly 50,000 Metric Tons by 2028** On the production front, Cypriot beer output is expected to grow from 45,910 metric tons in 2023 to around 49,290 metric tons by 2028. This reflects an average annual growth rate of 1.2%. Historical data since 1966 shows a modest increase in Cypriot beer supply at a rate of 0.9% per year. In 2023, Cyprus was ranked 113th in global beer production, with Mauritius overtaking it at 45,910 metric tons. The United States, Brazil, and Mexico took the second, third, and fourth positions, respectively, in this global ranking.
