Key Market Indicators
Cypriot cereal product sales are projected to reach €394 million by 2028, up from €380 million in 2023, marking an average annual growth rate of 0.6%. This modest growth comes despite a slight decline in the market since 2013, which saw a year-on-year decrease of 0.1%. In 2023, Cyprus ranked 27th in cereal product sales, with Slovenia surpassing it at €380 million. Leading the European market were Germany, Italy, and the United Kingdom, holding the second, third, and fourth positions respectively. Meanwhile, Cypriot cereal product production is expected to climb to €351 million by 2028, up from €331 million in 2023, reflecting a compound annual growth rate (CAGR) of 0.9%. Over the past decade, Cypriot supply has increased by 0.6% year on year. In terms of production, Cyprus also ranked 27th in 2023, with Slovenia again ahead at €331 million. Germany, Italy, and the United Kingdom dominated the top spots in this category as well.
