| Product Code: ETC6901452 | 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 a steady flow of passenger vehicles imports, with top exporting countries being South Korea, UK, Morocco, Spain, and Germany. The market remained moderately concentrated, as indicated by the Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 10.79%. This data suggests a stable market for passenger vehicles imports in Cyprus, with key players from various countries contributing to its growth.

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 Passenger Vehicles Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Passenger Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Passenger Vehicles Market - Industry Life Cycle |
3.4 Cyprus Passenger Vehicles Market - Porter's Five Forces |
3.5 Cyprus Passenger Vehicles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Passenger Vehicles Market Revenues & Volume Share, By Body, 2021 & 2031F |
3.7 Cyprus Passenger Vehicles Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cyprus Passenger Vehicles Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
4 Cyprus Passenger Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Cyprus |
4.2.2 Technological advancements in passenger vehicles |
4.2.3 Government initiatives promoting electric and eco-friendly vehicles |
4.3 Market Restraints |
4.3.1 Economic uncertainties impacting consumer spending |
4.3.2 Fluctuating fuel prices affecting purchasing decisions |
4.3.3 Regulatory changes impacting automotive industry |
5 Cyprus Passenger Vehicles Market Trends |
6 Cyprus Passenger Vehicles Market, By Types |
6.1 Cyprus Passenger Vehicles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Passenger Vehicles Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cyprus Passenger Vehicles Market Revenues & Volume, By Compact, 2021- 2031F |
6.1.4 Cyprus Passenger Vehicles Market Revenues & Volume, By Midsize, 2021- 2031F |
6.1.5 Cyprus Passenger Vehicles Market Revenues & Volume, By Premium, 2021- 2031F |
6.1.6 Cyprus Passenger Vehicles Market Revenues & Volume, By Luxury, 2021- 2031F |
6.1.7 Cyprus Passenger Vehicles Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Cyprus Passenger Vehicles Market, By Body |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Passenger Vehicles Market Revenues & Volume, By MPV, 2021- 2031F |
6.2.3 Cyprus Passenger Vehicles Market Revenues & Volume, By SUV, 2021- 2031F |
6.2.4 Cyprus Passenger Vehicles Market Revenues & Volume, By Hatchback, 2021- 2031F |
6.2.5 Cyprus Passenger Vehicles Market Revenues & Volume, By Sedan, 2021- 2031F |
6.2.6 Cyprus Passenger Vehicles Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Cyprus Passenger Vehicles Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Passenger Vehicles Market Revenues & Volume, By Personal, 2021- 2031F |
6.3.3 Cyprus Passenger Vehicles Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Cyprus Passenger Vehicles Market Revenues & Volume, By Electric, 2021- 2031F |
6.4 Cyprus Passenger Vehicles Market, By Fuel Type |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Passenger Vehicles Market Revenues & Volume, By Petrol, 2021- 2031F |
6.4.3 Cyprus Passenger Vehicles Market Revenues & Volume, By Diesel, 2021- 2031F |
6.4.4 Cyprus Passenger Vehicles Market Revenues & Volume, By CNG, 2021- 2031F |
7 Cyprus Passenger Vehicles Market Import-Export Trade Statistics |
7.1 Cyprus Passenger Vehicles Market Export to Major Countries |
7.2 Cyprus Passenger Vehicles Market Imports from Major Countries |
8 Cyprus Passenger Vehicles Market Key Performance Indicators |
8.1 Average age of passenger vehicles on the road in Cyprus |
8.2 Number of charging stations for electric vehicles in Cyprus |
8.3 Adoption rate of new vehicle technologies in the market |
8.4 Average distance traveled per vehicle in Cyprus |
8.5 Number of vehicles registered for government incentive programs |
9 Cyprus Passenger Vehicles Market - Opportunity Assessment |
9.1 Cyprus Passenger Vehicles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Passenger Vehicles Market Opportunity Assessment, By Body, 2021 & 2031F |
9.3 Cyprus Passenger Vehicles Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cyprus Passenger Vehicles Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
10 Cyprus Passenger Vehicles Market - Competitive Landscape |
10.1 Cyprus Passenger Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Passenger Vehicles 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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