The value added of water collection, treatment, and supply in Cyprus experienced fluctuations from 2013 to 2023, standing at 30.99 million euros in 2023. The data indicates a general downward trend from 2013 through 2017, followed by slight increases and decreases up to 2023.
Key Observations:
- From 2013 to 2017, the market saw a significant decline, notably with a sharp 13.55% decrease in 2014.
- Recovery was marked in 2018 with a 3.9% increase and a 6.8% rise in 2019.
- The years 2020 to 2023 experienced minor year-on-year fluctuations, with a slight downturn trend, including a -0.26% decrease in 2023.
- The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately 0.016%, reflecting a largely stagnant market performance over the past five years.
Future Trends to Watch For:
- The forecast for the next five years suggests a stable yet slightly declining market with a -0.14% CAGR.
- Monitoring environmental policies and technological advancements in water management could provide insights into potential market shifts.
- Addressing water scarcity and sustainability issues will be critical in shaping the future value added in this sector.
