Key Market Indicators
Cyprus is projected to see its non-ferrous metal exports decline slightly over the next five years. By 2028, the country's exports are expected to reach approximately 12,800 metric tons, down from around 12,900 metric tons in 2023. This represents a modest annual decrease of 0.1%. Despite this decline, Cyprus has seen a consistent increase in supply, growing at an annual rate of 2.5% since 2005. In 2023, Cyprus ranked 34th globally in non-ferrous metal exports, with Latvia marginally ahead at the same volume. Spain, France, and the Netherlands occupied the second, third, and fourth spots, respectively. On the import front, Cyprus is anticipated to experience growth in its non-ferrous metal imports. By 2028, imports are expected to reach approximately 56,800 metric tons, up from about 49,300 metric tons in 2023. This marks an average annual growth rate of 2.2%. However, since 2005, the country's demand for non-ferrous metals has decreased by 3.2% annually. In 2023, Cyprus was ranked 33rd in the world for non-ferrous metal imports, with Latvia again slightly ahead at the same volume. Spain, France, and Norway held the second, third, and fourth positions, respectively.
