E-commerce Market in Cyprus Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Cyprus E-commerce Market Report is Segmented by B2C ecommerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, Furniture and Home), and B2B ecommerce.

E-commerce Market in Cyprus Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cyprus Ecommerce Market Size

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Cyprus E-commerce Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 13.87 %
Market Concentration Low

Major Players

Cyprus E-commerce Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cyprus E-commerce Market with other markets in Technology, Media and Telecom Industry

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Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Cyprus Ecommerce Market Analysis

The Cyprus E-commerce Market is expected to register a CAGR of 13.87% during the forecast period.

  • The high number of internet users in Cyprus is increasing, and this is also providing an opportunity for the global internet service providers to expand their services in the country. For instance, In 2022, Cyprus will have over 1.11 million internet users, as stated by E-commerce Europe, and the increase in numbers will further boost the e-commerce market in Cyprus in the forecast period.
  • With the ongoing digital transformation and internet penetration, the number of users of social media has increased, and the social media ads and shopping platforms are enabling consumers to reach even more online stores. For instance, Cyprus recorded 794.3 thousand Instagram users. Moreover, Instagram's ad reach in Cyprus is recorded at 65.1% of the total population as of 2022.
  • The companies in the region are looking for various strategic mergers and acquisitions to broaden their regional footprint and cater to a wider customer base. For instance, in April 2022, Halo collective announced the acquisition of Phytocann Holdings SA, Europe's wellness CBD company. The strategic acquisition will add substantial revenue, geographic diversification, and a CBD-based product lineup to Halo Collective Inc.
  • The COVID-19 outbreak and the nationwide lockdown have massively affected the retail industry across the world, especially the brick-and-mortar model. However, e-commerce is one of the few sectors that have witnessed increased consumer interaction in many segments. As non-essential shops have closed and nationwide lockdown orders were issued, many businesses in the country have been forced many businesses to adapt and respond quickly to the changing consumer priorities. As digital has become the new method in these circumstances, some segments of the Cyprus e-commerce sector witnessed significant growth.

Cyprus Ecommerce Industry Overview

Cyprus E-commerce Market is witnessing a rise in competitiveness among companies. The market consists of various major players, such as Amazon, Bazaraki, eBay, and others. In terms of market share, these significant players are presently dominating the e-commerce market in Cyprus. However, with increasing innovations in e-commerce, many companies are increasing their market presence by securing new contracts and tapping new markets.

  • In October 2021, JD Fashion, retailers of sports, fashion, and outdoor brands, announced the acquisition of 80 percent of Cosmos Sport S.A in Greece and Cyprus. This acquisition will further boost the business of JD Fashion in Europe.
  • May 2022 - Klarpay AG, a Swiss fintech company, recently completed its first external financing round, raising CHF 3 million. The round was headed by payabl., a well-established payments institution launched in 2010 intending to accelerate technical innovation in the payment services industry and democratize access to global payment solutions. Payabl. Presently services a variety of high-profile fintech customers, including eToro and Bernstein Bank, from locations in Frankfurt, London, and Cyprus.

Cyprus Ecommerce Market Leaders

  1. Amazon

  2. Bazaraki

  3. Ebay

  4. Walmart

  5. Asos

  6. *Disclaimer: Major Players sorted in no particular order
Cyprus E-commerce Market Concentration
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Cyprus Ecommerce Market News

  • In March 2022, Alphamega Hypermarkets' e-shop, which was launched in 2021 has seen significant growth gaining 25000 new customers and recording a huge sale which was almost equal to its offline store.
  • In October 2021, Massimo Dutti, a Spanish clothing brand announced the launch of its online store in Cyprus. The online shop can be explored by their website or the mobile app version, which is available on Google Play and the Apple App Store.

Cyprus Ecommerce Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness-Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Key market trends and share of e-commerce of total Retail sector
  • 4.4 Impact of COVID-19 on the e-commerce sales

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Demand from Fashion Industry
    • 5.1.2 Penetration of Internet and Smartphone Usage
  • 5.2 Market Challenges
    • 5.2.1 Low Internet Penetration
  • 5.3 Analysis of key demographic trends and patterns related to ecommerce industry in Cyprus (Coverage to include Population, Internet Penetration, ecommerce Penetration, Age & Income etc.)
  • 5.4 Analysis of the key modes of transaction in the ecommerce industry in Cyprus (coverage to include prevalent modes of payment such as cash, card, bank transfer, wallets, etc.)
  • 5.5 Analysis of cross-border ecommerce industry in Cyprus (Current market value of cross-border & key trends)
  • 5.6 Current positioning of country Cyprus in the ecommerce industry in region Europe

6. Market Segmentation

  • 6.1 By B2C ecommerce
    • 6.1.1 Market size (GMV) for the period of 2017-2027
    • 6.1.2 Market Segmentation - by Application
    • 6.1.2.1 Beauty & Personal Care
    • 6.1.2.2 Consumer Electronics
    • 6.1.2.3 Fashion & Apparel
    • 6.1.2.4 Food & Beverage
    • 6.1.2.5 Furniture & Home
    • 6.1.2.6 Others (Toys, DIY, Media, etc.)
  • 6.2 By B2B ecommerce
    • 6.2.1 Market size for the period of 2017-2027

7. Competitive Landscape

  • 7.1 Company Profiles
    • 7.1.1 Amazon
    • 7.1.2 eBay
    • 7.1.3 Bazaraki
    • 7.1.4 Walmart
    • 7.1.5 Asos
    • 7.1.6 Vision Scalper
    • 7.1.7 Epic
    • 7.1.8 Ramon Flip
    • 7.1.9 Euphorique Mode
    • 7.1.10 IKEA.cy
  • *List Not Exhaustive

8. Investment Analysis

9. Future Outlook of the Market

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Cyprus Ecommerce Industry Segmentation

The Cyprus e-commerce market is segmented by B2B E-commerce and B2C E-commerce. By B2C E-commerce, the market studied is further subdivided into beauty & personal care, consumer electronics, fashion & apparel, food & beverage, and furniture & home.

The study also tracks significant market metrics, underlying growth influencers, and significant industry vendors, providing support for market estimates and growth rates in Cyprus throughout the anticipated period. The study goes on to look at Covid-19's overall influence on the ecosystem.

By B2C ecommerce Market size (GMV) for the period of 2017-2027
Market Segmentation - by Application Beauty & Personal Care
Consumer Electronics
Fashion & Apparel
Food & Beverage
Furniture & Home
Others (Toys, DIY, Media, etc.)
By B2B ecommerce Market size for the period of 2017-2027
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Cyprus Ecommerce Market Research FAQs

What is the current Cyprus E-commerce Market size?

The Cyprus E-commerce Market is projected to register a CAGR of 13.87% during the forecast period (2025-2030)

Who are the key players in Cyprus E-commerce Market?

Amazon, Bazaraki, Ebay, Walmart and Asos are the major companies operating in the Cyprus E-commerce Market.

What years does this Cyprus E-commerce Market cover?

The report covers the Cyprus E-commerce Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cyprus E-commerce Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cyprus E Commerce Industry Report

Statistics for the 2025 Cyprus E-commerce market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cyprus E-commerce analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Cyprus E Commerce Market Report Snapshots