Wine and wine products market in Cyprus

Earlier Report Observations

The wine market volume in Cyprus showed considerable volatility between 2018 and 2023. Starting at 27 737 t in 2018, it dipped slightly the following year before contracting sharply to 20 421 t in 2020. This represented a decline of over 25% from the previous year, marking the lowest point in the period.

A recovery phase began in 2021, with the market expanding by 5% to 21 445 t. Growth accelerated in 2022, as volume jumped by 26% to reach 27 000 t, nearly returning to the pre-contraction level. However, this rebound was partially reversed in 2023, when the market size eased by 4.5% to 25 778 t.

Underlying these shifts were changes in domestic production and trade flows. Local output fell from 11 000 t in 2018 to 9 142 t in 2023, while imports also trended downward after a steep drop in 2020. Exports declined substantially over the period, which moderated the net effect on market volume.

Production wine and wine products in Cyprus

In kind, 2017-2020, t

Top producers of wine and wine products, 2017-2020

World map of production of wine and wine products, 2017-2020

Cyprus's wine and wine products production declined for the second consecutive year. In 2020, production reached 10 000 tonnes, marking a moderate contraction of 8.3% compared to 2019. Looking at the broader period from 2017 to 2020, production increased by 23.5%, which translates to an annualized growth rate of 7.3%. The peak was recorded in 2018 at 11 000 tonnes, with the largest annual increase of 35.8% also occurring that year.

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

In value, 2017-2020, M $ US

Cyprus's wine and wine products production increased for the third consecutive year. In 2020, the output was valued at 101.2 million US dollars, reflecting a 7.2% rise compared to 2019. Over the 2017-2020 period, production grew by 49.9%, with a compound annual growth rate of 14.4%.

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

Exports wine and wine products from Cyprus

Exports in kind, t

Cyprus's wine and wine products export volume declined for the second consecutive year. In 2020, exports totaled 2 357 tonnes, representing a strong contraction of 16.0% year-over-year. From 2017 to 2020, exports decreased by 11%, with a compound annual decline of 3.8%. The highest volume was recorded in 2018 at 3 069 tonnes, which also saw the largest annual increase of 15.9%.

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

Between 2017 and 2020, three main markets—Israel, Algeria, and Kenya—collectively absorbed 63.3% of Cyprus's total wine and wine products exports in volume terms.

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

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

Exports in value, M $ US

Cross-border shipments of wine and wine products from Cyprus declined for the second consecutive year. In 2020, exports amounted to 23.9 million US dollars, showing a slight decrease of 1.9% compared to 2019. Over the 2017-2020 period, exports increased by 8.1%, with a compound annual growth rate of 2.6%. The peak value was recorded in 2018 at 25.7 million US dollars, which also experienced the largest annual increase of 16.5%. In contrast, 2019 saw the largest decline of 5.4%.

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

From 2017 to 2020, Israel (34.2% of exports in value terms), Algeria (30.1%), and Switzerland (5.6%) emerged as the primary markets for Cyprus's wine and wine products exports, together accounting for 69.9% of total export value.

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

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

Imports wine and wine products to Cyprus

Imports in kind, t

Imported wine and wine products volumes in Cyprus declined for the second consecutive year. In 2020, imports reached 12 778 tonnes, indicating a dramatic decline of 32.9% compared to 2019. Between 2017 and 2020, imports decreased by 34%, equating to an annualized decline of 12.9%. The maximum volume was recorded in 2018 at 19 806 tonnes, with the largest annual increase of 2.4% also occurring that year.

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

During 2017-2020, the United Kingdom (20.9% of imports in volume terms), Greece (16.4%), and Italy (13.2%) accounted for the largest share of Cyprus's wine and wine products imports, together comprising 50.5% of total import volume.

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

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

Imports in value, M $ US

Foreign wine and wine products supplies to Cyprus declined for the second consecutive year. In 2020, Cyprus imported wine and wine products valued at 100.5 million US dollars, reflecting a significant decline of 24.6% compared to the previous year. Over the 2017-2020 period, imports decreased by 20.7%, with a compound annual decline of 7.5%. The highest value was recorded in 2018 at 100.5 million US dollars, which also saw the largest annual increase of 8.5%.

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

From 2017 to 2020, the United Kingdom (26.8% of imports in value terms), France (19.0%), and Greece (10.7%) stood out as the main sources for Cyprus's wine and wine products imports, together representing 56.5% of total import value.

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

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