| Product Code: ETC6889713 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to import significant quantities of boswellia extracts, with top exporters being Greece, Syria, Spain, Germany, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 11.87% from 2020-24, there was a slight decline in growth from 2023-24 (-4.66%). The market dynamics suggest a competitive landscape among key exporting countries, with potential opportunities for market expansion and diversification in the coming years.

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 Boswellia Extracts Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Boswellia Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Boswellia Extracts Market - Industry Life Cycle |
3.4 Cyprus Boswellia Extracts Market - Porter's Five Forces |
3.5 Cyprus Boswellia Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Cyprus Boswellia Extracts Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Cyprus Boswellia Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Boswellia Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Boswellia Extracts Market Trends |
6 Cyprus Boswellia Extracts Market, By Types |
6.1 Cyprus Boswellia Extracts Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Boswellia Extracts Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Cyprus Boswellia Extracts Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Cyprus Boswellia Extracts Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Cyprus Boswellia Extracts Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Boswellia Extracts Market Revenues & Volume, By Boswellia Serrata, 2021- 2031F |
6.2.3 Cyprus Boswellia Extracts Market Revenues & Volume, By Boswellia Carterii, 2021- 2031F |
6.2.4 Cyprus Boswellia Extracts Market Revenues & Volume, By Boswellia Frereana, 2021- 2031F |
6.2.5 Cyprus Boswellia Extracts Market Revenues & Volume, By Boswellia Sacra, 2021- 2031F |
6.2.6 Cyprus Boswellia Extracts Market Revenues & Volume, By Boswellia Papyrifera, 2021- 2031F |
6.3 Cyprus Boswellia Extracts Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Boswellia Extracts Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.3 Cyprus Boswellia Extracts Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.4 Cyprus Boswellia Extracts Market Revenues & Volume, By Aromatherapy, 2021- 2031F |
6.3.5 Cyprus Boswellia Extracts Market Revenues & Volume, By Others, 2021- 2031F |
7 Cyprus Boswellia Extracts Market Import-Export Trade Statistics |
7.1 Cyprus Boswellia Extracts Market Export to Major Countries |
7.2 Cyprus Boswellia Extracts Market Imports from Major Countries |
8 Cyprus Boswellia Extracts Market Key Performance Indicators |
9 Cyprus Boswellia Extracts Market - Opportunity Assessment |
9.1 Cyprus Boswellia Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Cyprus Boswellia Extracts Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Cyprus Boswellia Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Boswellia Extracts Market - Competitive Landscape |
10.1 Cyprus Boswellia Extracts Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Boswellia Extracts 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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