Market research

Potato market in Cyprus

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2022, the Cypriot fresh potato market in value terms showed considerable volatility, with the market size peaking at 25.1 million USD in 2022 after a sharp recovery from a low of 14.5 million USD in 2019.

The market contracted to 18.6 million USD in 2023 despite a slight rise in production value, as inflationary pressures led to significant price increases for fresh vegetables, influencing consumer demand. By 2024, potato prices surged by 57.7%, driven by broader inflation, while the government's reinstatement of a zero VAT rate on essential fresh produce aimed to improve affordability.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Cyprus
  1. 5.1.1. Annual dynamics of production in Cyprus in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Cyprus in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cyprus in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cyprus by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cyprus in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cyprus by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production potato in Cyprus

In kind, 2017-2020, K t

Top producers of potato, 2017-2020

Source: SHEV.io

World map of production of potato, 2017-2020

Source: SHEV.io

Following a two-year decline, potato production in Cyprus rebounded in 2020. The country produced 91.9 K t of potatoes that year, representing an 11.9% increase compared to 2019. Over the 2017-2020 period, overall production decreased by 16.4%, with a compound annual growth rate of -5.8%. The lowest production volume was recorded in 2019 at 82.1 K t, which also saw the largest decline of 22.1%.

Annual dynamics of production in Cyprus in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.2%)	(22.1%)	11.9%	(5.8%)

Source: SHEV.io

In value, 2017-2020, K $ US

Potato production value in Cyprus declined for the second consecutive year in 2020. The output was valued at 56 594 K $ US, marking a moderate decrease of 6.4% compared to 2019. From 2017 to 2020, production value fell by 3.2%, with a compound annual growth rate of -1.1%. The highest value was recorded in 2018 at 60 983 K $ US, which also experienced the largest increase of 4.3%.

Annual dynamics of production in Cyprus in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	(0.8%)	(6.4%)	(1.1%)

Source: SHEV.io

Exports potato from Cyprus

Exports in kind, K t

Potato export volumes from Cyprus declined for the third consecutive year in 2020. Exports stood at 68.0 K t, showing a moderate contraction of 6.4% year-over-year. Between 2017 and 2020, exports decreased by 32.8%, equating to an annualized decline rate of 12.4%.

Annual dynamics of product's exports from Cyprus in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.5%)	(18.9%)	(6.4%)	(12.4%)

Source: SHEV.io

From 2017 to 2020, Greece, the United Kingdom, and Germany were the principal buyers of Cypriot potatoes by volume. Greece accounted for 35.6% of exports, the United Kingdom for 20.1%, and Germany for 15.0%. Together, these three markets represented 70.8% of total potato exports from Cyprus.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cyprus in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, potato exports from Cyprus amounted to 41 865 K $ US, representing a strong reduction of 21.7% compared to the previous year. Over the 2017-2020 period, export value decreased by 22.2%, with a compound annual growth rate of -8.0%. The largest increase was recorded in 2019 at 3.2%.

Annual dynamics of product's exports from Cyprus in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.7%)	3.2%	(21.7%)	(8.0%)

Source: SHEV.io

From 2017 to 2020, Greece, the United Kingdom, and Germany were the main markets for Cypriot potato exports by value. Greece accounted for 34.4% of export value, the United Kingdom for 20.3%, and Germany for 17.2%. Collectively, these three countries represented 72.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cyprus in value, 2017-2020

Source: SHEV.io

Imports potato to Cyprus

Imports in kind, K t

After two years of growth, potato imports to Cyprus declined in 2020. The country imported approximately 7.6 K t of potatoes, down by 29.4% year-over-year. Between 2017 and 2020, imports decreased by 25.8%, equating to an annualized decline rate of 9.5%. The highest import volume was recorded in 2019 at 10.8 K t, which also saw the largest increase of 2.7%.

Annual dynamics of product's imports to Cyprus in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.2%	2.7%	(29.4%)	(9.5%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Denmark, and Germany were the leading sources of potato imports to Cyprus by volume. The Netherlands accounted for 54.1% of imports, Denmark for 10.3%, and Germany for 9.3%. Together, these three countries supplied 73.7% of total potato imports to Cyprus.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Potato import value in Cyprus declined for the second consecutive year in 2020. Imports reached 5 309 K $ US, indicating a steep reduction of 29.2% compared to 2019. Between 2017 and 2020, import value decreased by 9.2%, equating to an annualized decline rate of 3.2%. The highest value was recorded in 2018 at 7 575 K $ US, which also experienced the largest increase of 29.5%.

Annual dynamics of product's imports to Cyprus in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.5%	(1.0%)	(29.2%)	(3.2%)

Source: SHEV.io

Throughout 2017-2020, the Netherlands, Denmark, and Belgium formed the core of potato imports to Cyprus by value. The Netherlands accounted for 58.6% of import value, Denmark for 10.5%, and Belgium for 8.2%. Collectively, these three countries represented 77.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in value, 2017-2020

Source: SHEV.io