Sales of locally produced industrial goods in Cyprus rise 3.7% to €4.77bn

Nicosia, Cyprus. Sales of locally produced industrial goods rose 3.7 per cent to €4.77 billion, according to figures released by the statistical service, Cystat, on Thursday. Halloumi, fresh bakery and pastry products, and pharmaceuticals were among the largest categories.

Growth slows from 2023

Sales increased by €170.2 million from €4.60bn a year earlier. Growth slowed from the 7.3 per cent recorded in 2023, when sales had risen from €4.29bn, according to earlier Cystat figures.

Halloumi, bakery products and pharmaceuticals

Local industrial units sold 46,100 tonnes of halloumi worth €364.1m, compared with 41,900 tonnes worth €338.1m a year earlier. That represented increases of around 10 per cent in volume and 7.7 per cent in value, adding €26m to halloumi sales.

Halloumi exports reached 42,427 tonnes worth €324m, compared with 39,078 tonnes worth €315m in 2023, according to previously reported figures.

Sales of fresh bakery and pastry products reached €373.8m, up around 6.4 per cent from €351.4m. Pharmaceutical products and preparations rose around 3.4 per cent to €363.3m from €351.4m in 2023.

Earlier trade figures put pharmaceutical exports at €348m, equivalent to 14.4 per cent of Cyprus’ manufactured exports.

Juice and beer sales also rise

Fresh fruit juice sales climbed to 75,000 tonnes worth €54m, from 71,100 tonnes worth €49m. Volume rose around 5.5 per cent, while value increased around 10.2 per cent.

Beer sales reached 43.1 million litres worth €57m, compared with 42.3 million litres worth €53.8m a year earlier.