The production in the Water Collection, Treatment, and Supply sector of Cyprus has seen varying trends from 2013 to 2023. The sector experienced a decline in 2013 and 2014, followed by a period of recovery and growth from 2015 to 2018, with notable spikes, particularly in 2017 and 2018. After a slight decline and stabilization around 2019, the sector faced a significant dip in 2020 due to external factors likely related to the global pandemic. Post-2020, the sector has gradually recovered, reaching 110.2 million euros in 2023. The year-on-year variation over the last two years reported an increase of 4.49% in 2022 and 2.89% in 2023. The 5-year CAGR leading up to 2023 stands at a marginal increase of 0.26%.
The forecast data from 2024 to 2028 suggests a steady yet slow growth in production values, indicating relative stability in the sector with a 0.18% CAGR and an overall growth rate of 0.9% over five years.
Future trends to watch for in this sector include potential impacts from climate change on water resources, technological advancements in water treatment, infrastructure improvements, and regulatory changes aiming at sustainable water use and management in Cyprus. Monitoring these factors will be crucial for predicting and planning for future developments in the sector.
