| Product Code: ETC5747201 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The expanded polystyrene (EPS) import shipments to Cyprus in 2024 continued to show strong growth, with a notable CAGR of 23.87% over the period 2020-24. The top exporting countries to Cyprus were China, Greece, South Korea, Slovenia, and Italy. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI) in 2024. The growth rate from 2023 to 2024 was also impressive at 7.19%, reflecting ongoing demand for EPS 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 Expanded Polystyrene (EPS) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Expanded Polystyrene (EPS) Market - Industry Life Cycle |
3.4 Cyprus Expanded Polystyrene (EPS) Market - Porter's Five Forces |
3.5 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Market Product Type, 2021 & 2031F |
3.7 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Cyprus Expanded Polystyrene (EPS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and energy-efficient construction materials |
4.2.2 Growing use of expanded polystyrene in packaging and insulation applications |
4.2.3 Rising focus on sustainable and recyclable materials in the construction industry |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations on the use of plastics and environmental concerns |
4.3.3 Dependency on imports for raw materials and technology |
5 Cyprus Expanded Polystyrene (EPS) Market Trends |
6 Cyprus Expanded Polystyrene (EPS) Market Segmentations |
6.1 Cyprus Expanded Polystyrene (EPS) Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By EPS, 2021-2031F |
6.2 Cyprus Expanded Polystyrene (EPS) Market, By Market Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By White, 2021-2031F |
6.2.3 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By Grey, 2021-2031F |
6.2.4 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By Black, 2021-2031F |
6.3 Cyprus Expanded Polystyrene (EPS) Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.4 Cyprus Expanded Polystyrene (EPS) Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Expanded Polystyrene (EPS) Market Import-Export Trade Statistics |
7.1 Cyprus Expanded Polystyrene (EPS) Market Export to Major Countries |
7.2 Cyprus Expanded Polystyrene (EPS) Market Imports from Major Countries |
8 Cyprus Expanded Polystyrene (EPS) Market Key Performance Indicators |
8.1 Recycling rate of expanded polystyrene (EPS) in Cyprus |
8.2 Adoption rate of EPS in new construction projects |
8.3 Percentage of EPS used in packaging and insulation applications compared to other materials |
9 Cyprus Expanded Polystyrene (EPS) Market - Opportunity Assessment |
9.1 Cyprus Expanded Polystyrene (EPS) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cyprus Expanded Polystyrene (EPS) Market Opportunity Assessment, By Market Product Type, 2021 & 2031F |
9.3 Cyprus Expanded Polystyrene (EPS) Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Cyprus Expanded Polystyrene (EPS) Market - Competitive Landscape |
10.1 Cyprus Expanded Polystyrene (EPS) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Expanded Polystyrene (EPS) 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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