Key Market Indicators
Revenue from electrical equipment in Cyprus is expected to reach €31.8 million by 2026, increasing at an average rate of 1.7% year-on-year from €28.7 million in 2021. Since 2013, the market in Cyprus has grown 13.7% year-on-year. Cyprus was placed 30th in 2021, with Bosnia and Herzegovina ahead of it at €28.7 million. France, Italy and Spain ranked 2nd, 3rd and 4th respectively. Exports of electrical equipment in Cyprus are set to reach $356.4 million by 2026, growing at an average rate of 2.9% year-on-year from $300.4 million in 2021. Since 1994, the supply in Cyprus has increased by 9.4% year-on-year. In 2021, Cyprus was at 74th place, with Tanzania ahead of it at $300.4 million. South Korea, the United States and Germany placed 2nd, 3rd and 4th respectively. Imports of electrical equipment in Cyprus are projected to reach $445.2 million by 2026, increasing at a CAGR of 0.3% year-on-year from $438.5 million in 2021. Since 1994, the demand in Cyprus has risen 5.8% year-on-year. In 2021, Cyprus was at number 100, with Mongolia ahead of it at $438.5 million. The United States, Germany and Singapore were placed 2nd, 3rd and 4th respectively.
