| Product Code: ETC4764616 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to see a significant inflow of metal casting imports, with key exporters in 2024 being India, Italy, Greece, Metropolitan France, and China. The market shows a very high level of concentration, indicating a dominance by a few major players. Despite a remarkable compound annual growth rate (CAGR) of 28.38% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -10.04%. This data suggests a dynamic market that is experiencing both rapid expansion and possible shifts in competitive dynamics.

The Metal Casting Market involves the production of metal components through molten metal. This industry is significant in Cyprus due to its applications in machinery and automotive sectors, and it benefits from advancements in casting technologies that improve efficiency and reduce energy consumption.
The metal casting market in Cyprus is driven by demand from automotive, construction, and industrial machinery sectors. Metal casting enables the production of complex, durable components, supporting its use in industries that require high-strength, customized metal parts.
The metal casting market in Cyprus faces challenges related to the small size of the local manufacturing sector and the lack of a well-developed supply chain for raw materials. The market also struggles with outdated equipment and a shortage of skilled labor, making it difficult to produce high-quality cast components. Moreover, Cyprus reliance on imports for more advanced casting technologies creates additional cost pressures.
The government supports the metal casting industry by providing incentives for modernization and energy efficiency in foundries, promoting the use of advanced casting techniques and materials.
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 Metal Casting Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Metal Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Metal Casting Market - Industry Life Cycle |
3.4 Cyprus Metal Casting Market - Porter's Five Forces |
3.5 Cyprus Metal Casting Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.6 Cyprus Metal Casting Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Cyprus Metal Casting Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cyprus Metal Casting Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.9 Cyprus Metal Casting Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.10 Cyprus Metal Casting Market Revenues & Volume Share, By Electric & Hybrid Vehicle Type, 2021 & 2031F |
4 Cyprus Metal Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Metal Casting Market Trends |
6 Cyprus Metal Casting Market Segmentations |
6.1 Cyprus Metal Casting Market, By Process |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Metal Casting Market Revenues & Volume, By Gravity Casting, 2021-2031F |
6.1.3 Cyprus Metal Casting Market Revenues & Volume, By High-Pressure Die Casting (HPDC), 2021-2031F |
6.1.4 Cyprus Metal Casting Market Revenues & Volume, By Low-Pressure Die Casting (LPDC), 2021-2031F |
6.1.5 Cyprus Metal Casting Market Revenues & Volume, By Sand Casting, 2021-2031F |
6.2 Cyprus Metal Casting Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Metal Casting Market Revenues & Volume, By Aluminum, 2021-2031F |
6.2.3 Cyprus Metal Casting Market Revenues & Volume, By Cast iron, 2021-2031F |
6.2.4 Cyprus Metal Casting Market Revenues & Volume, By Magnesium, 2021-2031F |
6.2.5 Cyprus Metal Casting Market Revenues & Volume, By Zinc, 2021-2031F |
6.2.6 Cyprus Metal Casting Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cyprus Metal Casting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Metal Casting Market Revenues & Volume, By Body Assemblies, 2021-2031F |
6.3.3 Cyprus Metal Casting Market Revenues & Volume, By Engine Parts, 2021-2031F |
6.3.4 Cyprus Metal Casting Market Revenues & Volume, By Transmission Parts, 2021-2031F |
6.4 Cyprus Metal Casting Market, By Components |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Metal Casting Market Revenues & Volume, By Alloy Wheels, 2021-2031F |
6.4.3 Cyprus Metal Casting Market Revenues & Volume, By Battery Housing, 2021-2031F |
6.4.4 Cyprus Metal Casting Market Revenues & Volume, By Cross Car Beam, 2021-2031F |
6.4.5 Cyprus Metal Casting Market Revenues & Volume, By Clutch Casing, 2021-2031F |
6.4.6 Cyprus Metal Casting Market Revenues & Volume, By Crank Cases, 2021-2031F |
6.4.7 Cyprus Metal Casting Market Revenues & Volume, By Cylinder Heads, 2021-2031F |
6.5 Cyprus Metal Casting Market, By Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 Cyprus Metal Casting Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.5.3 Cyprus Metal Casting Market Revenues & Volume, By HCV, 2021-2031F |
6.6 Cyprus Metal Casting Market, By Electric & Hybrid Vehicle Type |
6.6.1 Overview and Analysis |
6.6.2 Cyprus Metal Casting Market Revenues & Volume, By BEV, 2021-2031F |
6.6.3 Cyprus Metal Casting Market Revenues & Volume, By HEV, 2021-2031F |
6.6.4 Cyprus Metal Casting Market Revenues & Volume, By PHEV, 2021-2031F |
7 Cyprus Metal Casting Market Import-Export Trade Statistics |
7.1 Cyprus Metal Casting Market Export to Major Countries |
7.2 Cyprus Metal Casting Market Imports from Major Countries |
8 Cyprus Metal Casting Market Key Performance Indicators |
9 Cyprus Metal Casting Market - Opportunity Assessment |
9.1 Cyprus Metal Casting Market Opportunity Assessment, By Process, 2021 & 2031F |
9.2 Cyprus Metal Casting Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Cyprus Metal Casting Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cyprus Metal Casting Market Opportunity Assessment, By Components, 2021 & 2031F |
9.5 Cyprus Metal Casting Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.6 Cyprus Metal Casting Market Opportunity Assessment, By Electric & Hybrid Vehicle Type, 2021 & 2031F |
10 Cyprus Metal Casting Market - Competitive Landscape |
10.1 Cyprus Metal Casting Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Metal Casting 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