Transport And Storage Sector In Cyprus: A Positive Surge In 2024

by News Editor

March 6, 2025

The latest data from Cystat highlights a noteworthy 1.6% increase in the Transport and Storage Turnover Value Index for January through December 2024 compared to the previous year. This demonstrates the sector’s resilience and adaptability in Cyprus.

Breakdown Of Economic Activities

In the fourth quarter of 2024, the index achieved 142.4 points (base year 2021=100) with a notable 2.2% year-on-year growth. Several sub-sectors recorded impressive increases:

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Water Transport: A remarkable rise of 38.6%.
Air Transport: Experienced a significant boost of 22.5%.
Postal and Courier Activities: Gained 10.8%.
Land Transport: Improved by 7.1%.
Warehousing and Support for Transportation: Edged up by 0.4%.

To understand the broader economic effect, it’s interesting to compare these trends against Cyprus’ overall economic landscape. For instance, 2024 was also a groundbreaking year for the island’s tourism sector, boasting a €3.2 billion revenue intake.

This growth across different transportation sectors reflects Cyprus’ strategic positioning and its burgeoning economic potential in the European landscape.

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Cyprus Construction Price Index Rises Amid Cost Pressures

by THEFUTURE.TEAM

February 19, 2026

The latest data from the Cyprus Statistical Service (Cystat) shows that the Price Index of Construction Materials in Cyprus reached 118.89 points in January 2026, based on a 2021 average of 100. Compared with December 2025, the index increased by 0.12%, indicating gradual price adjustments across the sector.

Year-Over-Year Growth

On an annual basis, the index recorded a 1.09% increase compared with January of the previous year. The rise reflects ongoing changes in contractor costs and highlights evolving market conditions within the construction industry.

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Commodity-Specific Movements

The report provides a detailed breakdown by material category. Minerals recorded the strongest annual increase at 2.91%, followed by electromechanical products at 2.55%. Products made from wood, insulation materials, chemicals and plastics rose by 1.19%, while mineral products increased by 0.97%. In contrast, metallic products declined by 0.49%.

Volatility In Sub-Categories

More pronounced changes were observed within specific sub-categories. Mineral aggregates rose by 8.34%, while stones increased by 4.97% compared with January 2025. Electrical fixtures posted a 4.65% increase. Iron and steel products declined by 1.73%, and ceramics and cement continued to trend lower, falling by 1.47% and 1.38% respectively.

Methodological Insights

The index is calculated as a weighted average based on the expenditure share of sampled materials during the 2021 base year. Prices are collected monthly from a range of suppliers, using the 15th of each month as the reference date and excluding VAT. The Construction Costs Index applies specifically to new residential buildings.

This detailed analysis not only sheds light on current market trends but also offers stakeholders a robust framework for understanding the underlying cost dynamics in Cyprus’s construction materials market.

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