| Product Code: ETC6900654 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to heavily rely on importing drilling fluids, with top exporters being Italy, Belgium, Germany, UK, and Spain. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry saw a significant decline with a CAGR of -6.19% from 2020 to 2024. The growth rate plummeted by -30.1% from 2023 to 2024, suggesting challenges and potential shifts in the market dynamics affecting import shipments in the sector.

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 Onshore Drilling Fluid Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Onshore Drilling Fluid Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Onshore Drilling Fluid Market - Industry Life Cycle |
3.4 Cyprus Onshore Drilling Fluid Market - Porter's Five Forces |
3.5 Cyprus Onshore Drilling Fluid Market Revenues & Volume Share, By Additive Type, 2021 & 2031F |
3.6 Cyprus Onshore Drilling Fluid Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cyprus Onshore Drilling Fluid Market Revenues & Volume Share, By Basin, 2021 & 2031F |
4 Cyprus Onshore Drilling Fluid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Onshore Drilling Fluid Market Trends |
6 Cyprus Onshore Drilling Fluid Market, By Types |
6.1 Cyprus Onshore Drilling Fluid Market, By Additive Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Additive Type, 2021- 2031F |
6.1.3 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Protective Chemicals, 2021- 2031F |
6.1.4 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Fluid Viscosifiers, 2021- 2031F |
6.1.5 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Weighting Agents, 2021- 2031F |
6.1.6 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Wetting Agents, 2021- 2031F |
6.1.7 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Lost Circulation Materials, 2021- 2031F |
6.1.8 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Thinners, 2021- 2031F |
6.1.9 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Other Additive Types, 2021- 2031F |
6.1.10 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Other Additive Types, 2021- 2031F |
6.2 Cyprus Onshore Drilling Fluid Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Oil-based Drilling Fluid, 2021- 2031F |
6.2.3 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Synthetic-based Drilling Fluid, 2021- 2031F |
6.2.4 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Water-based Drilling Fluid, 2021- 2031F |
6.3 Cyprus Onshore Drilling Fluid Market, By Basin |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Permian, 2021- 2031F |
6.3.3 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Eagle Ford, 2021- 2031F |
6.3.4 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Niobrara, 2021- 2031F |
6.3.5 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Bakken, 2021- 2031F |
6.3.6 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Appalachia, 2021- 2031F |
6.3.7 Cyprus Onshore Drilling Fluid Market Revenues & Volume, By Other, 2021- 2031F |
7 Cyprus Onshore Drilling Fluid Market Import-Export Trade Statistics |
7.1 Cyprus Onshore Drilling Fluid Market Export to Major Countries |
7.2 Cyprus Onshore Drilling Fluid Market Imports from Major Countries |
8 Cyprus Onshore Drilling Fluid Market Key Performance Indicators |
9 Cyprus Onshore Drilling Fluid Market - Opportunity Assessment |
9.1 Cyprus Onshore Drilling Fluid Market Opportunity Assessment, By Additive Type, 2021 & 2031F |
9.2 Cyprus Onshore Drilling Fluid Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cyprus Onshore Drilling Fluid Market Opportunity Assessment, By Basin, 2021 & 2031F |
10 Cyprus Onshore Drilling Fluid Market - Competitive Landscape |
10.1 Cyprus Onshore Drilling Fluid Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Onshore Drilling Fluid 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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