| Product Code: ETC4675772 | 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 |
Cyprus continues to see strong growth in sardine import shipments, with key exporting countries in 2024 being Greece, Netherlands, Morocco, Bulgaria, and Spain. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 is an impressive 9.82%, with a notable growth spurt of 26.25% from 2023 to 2024. This data suggests a robust demand for sardines in Cyprus, driven by imports from a diverse group of countries.

By 2027, Cyprus's Sardine market is forecasted to achieve a stable growth rate of 2.12%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Sardine Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Sardine Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Sardine Market - Industry Life Cycle |
3.4 Cyprus Sardine Market - Porter's Five Forces |
3.5 Cyprus Sardine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Sardine Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Cyprus Sardine Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Cyprus Sardine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cyprus Sardine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Sardine Market Trends |
6 Cyprus Sardine Market Segmentations |
6.1 Cyprus Sardine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Sardine Market Revenues & Volume, By Fresh Sardine, 2021-2031F |
6.1.3 Cyprus Sardine Market Revenues & Volume, By Frozen Sardine, 2021-2031F |
6.1.4 Cyprus Sardine Market Revenues & Volume, By Canned Sardine, 2021-2031F |
6.1.5 Cyprus Sardine Market Revenues & Volume, By Sardine Meals, 2021-2031F |
6.2 Cyprus Sardine Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Sardine Market Revenues & Volume, By Sardinops Caeruleus, 2021-2031F |
6.2.3 Cyprus Sardine Market Revenues & Volume, By Sardinella Longiceps, 2021-2031F |
6.2.4 Cyprus Sardine Market Revenues & Volume, By Sardinella Gibbosa, 2021-2031F |
6.2.5 Cyprus Sardine Market Revenues & Volume, By Sardinella Aurita, 2021-2031F |
6.2.6 Cyprus Sardine Market Revenues & Volume, By Sardina Pilchardus, 2021-2031F |
6.2.7 Cyprus Sardine Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cyprus Sardine Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Sardine Market Revenues & Volume, By Food Processing, 2021-2031F |
6.3.3 Cyprus Sardine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.4 Cyprus Sardine Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.5 Cyprus Sardine Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cyprus Sardine Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Sardine Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.4.3 Cyprus Sardine Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Cyprus Sardine Market Import-Export Trade Statistics |
7.1 Cyprus Sardine Market Export to Major Countries |
7.2 Cyprus Sardine Market Imports from Major Countries |
8 Cyprus Sardine Market Key Performance Indicators |
9 Cyprus Sardine Market - Opportunity Assessment |
9.1 Cyprus Sardine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Sardine Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Cyprus Sardine Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Cyprus Sardine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cyprus Sardine Market - Competitive Landscape |
10.1 Cyprus Sardine Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Sardine 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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