| Product Code: ETC11642263 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Cyprus continued to import cigarette vending machines primarily from the Netherlands, Armenia, China, Saudi Arabia, and Belgium. Despite a negative compound annual growth rate (CAGR) of -1.11% from 2020 to 2024, the market experienced a significant decline with a growth rate of -51.61% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market dominated by a few key exporters, pointing towards potential challenges and opportunities for market players in Cyprus.

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 Cigarette Vending Machine Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Cigarette Vending Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Cigarette Vending Machine Market - Industry Life Cycle |
3.4 Cyprus Cigarette Vending Machine Market - Porter's Five Forces |
3.5 Cyprus Cigarette Vending Machine Market Revenues & Volume Share, By Operational Mode, 2021 & 2031F |
3.6 Cyprus Cigarette Vending Machine Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.7 Cyprus Cigarette Vending Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Cigarette Vending Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Cigarette Vending Machine Market Trends |
6 Cyprus Cigarette Vending Machine Market, By Types |
6.1 Cyprus Cigarette Vending Machine Market, By Operational Mode |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Operational Mode, 2021 - 2031F |
6.1.3 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Manual, 2021 - 2031F |
6.1.4 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Automatic, 2021 - 2031F |
6.2 Cyprus Cigarette Vending Machine Market, By Payment Method |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Cash, 2021 - 2031F |
6.2.3 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Cashless, 2021 - 2031F |
6.3 Cyprus Cigarette Vending Machine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Pubs and Nightclubs, 2021 - 2031F |
6.3.3 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Hotels and Restaurants, 2021 - 2031F |
6.3.4 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Public Places, 2021 - 2031F |
6.3.5 Cyprus Cigarette Vending Machine Market Revenues & Volume, By Others, 2021 - 2031F |
7 Cyprus Cigarette Vending Machine Market Import-Export Trade Statistics |
7.1 Cyprus Cigarette Vending Machine Market Export to Major Countries |
7.2 Cyprus Cigarette Vending Machine Market Imports from Major Countries |
8 Cyprus Cigarette Vending Machine Market Key Performance Indicators |
9 Cyprus Cigarette Vending Machine Market - Opportunity Assessment |
9.1 Cyprus Cigarette Vending Machine Market Opportunity Assessment, By Operational Mode, 2021 & 2031F |
9.2 Cyprus Cigarette Vending Machine Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
9.3 Cyprus Cigarette Vending Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Cigarette Vending Machine Market - Competitive Landscape |
10.1 Cyprus Cigarette Vending Machine Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Cigarette Vending Machine 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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