| Product Code: ETC6890425 | 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 see significant carmine import shipments, with top exporting countries being Germany, Netherlands, Greece, Spain, and Australia. The market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 17.98%, indicating sustained growth over the period. Moreover, the growth rate from 2023 to 2024 spiked sharply at 59.95%, highlighting a rapid acceleration in carmine imports to Cyprus. This data suggests a thriving market for carmine imports in Cyprus with strong potential for further expansion.

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 Carmine Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Carmine Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Carmine Market - Industry Life Cycle |
3.4 Cyprus Carmine Market - Porter's Five Forces |
3.5 Cyprus Carmine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Cyprus Carmine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cyprus Carmine Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cyprus Carmine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Carmine Market Trends |
6 Cyprus Carmine Market, By Types |
6.1 Cyprus Carmine Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Carmine Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Cyprus Carmine Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Cyprus Carmine Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.5 Cyprus Carmine Market Revenues & Volume, By Crystal, 2021- 2031F |
6.2 Cyprus Carmine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Carmine Market Revenues & Volume, By Dairy & Frozen Products, 2021- 2031F |
6.2.3 Cyprus Carmine Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.4 Cyprus Carmine Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.2.5 Cyprus Carmine Market Revenues & Volume, By Bakery & Confectionary, 2021- 2031F |
6.2.6 Cyprus Carmine Market Revenues & Volume, By Meat Products, 2021- 2031F |
6.3 Cyprus Carmine Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Carmine Market Revenues & Volume, By Food Processing Companies, 2021- 2031F |
6.3.3 Cyprus Carmine Market Revenues & Volume, By Beverage Industry, 2021- 2031F |
6.3.4 Cyprus Carmine Market Revenues & Volume, By Catering Industry, 2021- 2031F |
6.3.5 Cyprus Carmine Market Revenues & Volume, By Cosmetics and Pharmaceutical Industry, 2021- 2031F |
7 Cyprus Carmine Market Import-Export Trade Statistics |
7.1 Cyprus Carmine Market Export to Major Countries |
7.2 Cyprus Carmine Market Imports from Major Countries |
8 Cyprus Carmine Market Key Performance Indicators |
9 Cyprus Carmine Market - Opportunity Assessment |
9.1 Cyprus Carmine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Cyprus Carmine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cyprus Carmine Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cyprus Carmine Market - Competitive Landscape |
10.1 Cyprus Carmine Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Carmine 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.
To discover high-growth global markets and optimize your business strategy:
Click Here