Cyprus’ Industrial Output Prices Decline By 1.9% In 2024 Amid Sectoral Shifts

by THEFUTURE.TEAM

February 3, 2025

Industrial production costs in Cyprus saw a 1.9% decline in 2024 compared to the previous year, according to the Cyprus Statistical Service (CyStat). The latest data reflects a broader economic trend of stabilizing prices across key sectors, despite fluctuations in specific industries.

The Index of Industrial Output Prices for December 2024 stood at 122.3 units (base 2021=100), marking a 0.1% month-on-month increase from November. However, on an annual basis, the index recorded a 1.5% drop compared to December 2023.

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Sectoral Performance: Stability And Declines

Electricity supply saw the sharpest decline, with prices plunging 10.5% year-on-year.
Mining and quarrying posted a 0.7% increase, while manufacturing rose by 0.9%.
Water supply and materials recovery remained stable year-over-year but recorded a 0.3% monthly increase in December.

Manufacturing Trends: Growth In High-Tech And Consumer Goods

Despite the overall decline in industrial prices, several manufacturing divisions experienced growth:

Furniture, electronics, and textiles saw notable increases, with the manufacture of furniture, other manufacturing, and machinery repair rising by 4.7%.
Electronic and optical products grew by 4.3%, while paper and printing increased by 3.5%.
Pharmaceuticals and chemicals saw a 2.0% uptick, reinforcing the strength of Cyprus’ chemical production sector.

Conversely, declines were observed in:

Rubber and plastic products (-0.6%)
Basic metals and fabricated metal products (-0.6%)
Other non-metallic mineral products (-0.1%)

Looking Ahead: Economic Implications

The drop in industrial output prices suggests lower production costs for businesses, potentially easing inflationary pressures. However, sector-specific gains—particularly in manufacturing, technology, and pharmaceuticals—signal resilience in high-value industries. The continued decline in electricity prices could further impact industrial production costs, shaping economic conditions in 2025.

With Cyprus’ industrial landscape evolving, businesses will need to adapt to shifting cost structures and market dynamics to remain competitive in the coming year.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.