Updated: 30/11/2022
According to resources, E-commerce industry in Cyprus reached $860 million by 2022 and expected to cross $1.7 Billion by 2025, with a growth rate of 15%.
The reason behind the eCommerce growth is the internet penetration rate that is reached 91%, which increased the mobile as well as social media users in Cyprus.
Amazon, ebay , Nextdirect along with Stephanis are considered as the biggest eCommerce players in Cyprus by the year 2022-2023.
Online selling platforms and marketplaces along with the social media platforms are playing a vital role in the development of E-commerce industry in Cyprus.