| Product Code: ETC4685082 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Cyprus asphalt shingles import market in 2024 continued to be dominated by top exporting countries including Greece, Finland, Egypt, Italy, and Serbia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 11.6% from 2020 to 2024 demonstrates sustained market expansion. Notably, the remarkable growth rate of 44.32% from 2023 to 2024 showcases a surge in demand for asphalt shingles in Cyprus, reflecting a promising outlook for the industry.

By 2027, the Asphalt Shingles market in Cyprus is anticipated to reach a growth rate of 1.66%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Asphalt Shingles Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Asphalt Shingles Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Asphalt Shingles Market - Industry Life Cycle |
3.4 Cyprus Asphalt Shingles Market - Porter's Five Forces |
3.5 Cyprus Asphalt Shingles Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cyprus Asphalt Shingles Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Cyprus Asphalt Shingles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Asphalt Shingles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Asphalt Shingles Market Trends |
6 Cyprus Asphalt Shingles Market Segmentations |
6.1 Cyprus Asphalt Shingles Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Asphalt Shingles Market Revenues & Volume, By Laminates Asphalt Shingles, 2021-2031F |
6.1.3 Cyprus Asphalt Shingles Market Revenues & Volume, By Three-tab Shingles, 2021-2031F |
6.1.4 Cyprus Asphalt Shingles Market Revenues & Volume, By Strip, 2021-2031F |
6.1.5 Cyprus Asphalt Shingles Market Revenues & Volume, By Luxury shingles, 2021-2031F |
6.2 Cyprus Asphalt Shingles Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2021-2031F |
6.2.3 Cyprus Asphalt Shingles Market Revenues & Volume, By Organic, 2021-2031F |
6.3 Cyprus Asphalt Shingles Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2021-2031F |
6.3.3 Cyprus Asphalt Shingles Market Revenues & Volume, By Organic, 2021-2031F |
7 Cyprus Asphalt Shingles Market Import-Export Trade Statistics |
7.1 Cyprus Asphalt Shingles Market Export to Major Countries |
7.2 Cyprus Asphalt Shingles Market Imports from Major Countries |
8 Cyprus Asphalt Shingles Market Key Performance Indicators |
9 Cyprus Asphalt Shingles Market - Opportunity Assessment |
9.1 Cyprus Asphalt Shingles Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cyprus Asphalt Shingles Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Cyprus Asphalt Shingles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Asphalt Shingles Market - Competitive Landscape |
10.1 Cyprus Asphalt Shingles Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Asphalt Shingles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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