Cyprus fisheries are based on the declining capture fisheries and a fast growing marine aquaculture industry. The production of fishery sector is analysed for the 1988-1998 period and information on their prospects and constraints are given. The local aquatic food market exhibits a senior deficit as about 70 percent of its products are imported in order to meet the increasing demand. The consumer preferences as regards species from capture fisheries and aquaculture are given. The pricing and distribution system of fish are studied, as well as the role of the tourist industry as regards aquatic food consumption. Aquatic food production and trade will be greatly affected by the accession of Cyprus in the EU. Socio demographic information is given in an effort to explain the changes noted in aquatic food consumption. Finally general conclusions are reached and suggestions are made aiming at the market expansion, especially as regards aquaculture products.