Czech Republic: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in the Czech Republic

The Czech cigars and cigarillos market expanded slightly to $X in 2022, surging by 3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in the Czech Republic

In value terms, cigars and cigarillos production stood at $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from the Czech Republic

In 2022, the amount of cigars, cheroots and cigarillos exported from the Czech Republic declined to X kg, waning by -10.8% compared with the previous year's figure. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports skyrocketed to $X in 2022. In general, exports faced a precipitous decrease. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg), Slovakia (X kg) and Hungary (X kg) were the main destinations of cigars and cigarillos exports from the Czech Republic, together accounting for 87% of total exports. Austria and Vietnam lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of -6.1%), while the other leaders experienced a decline.

In value terms, Germany ($X) emerged as the key foreign market for cigars, cheroots and cigarillos exports from the Czech Republic, comprising 79% of total exports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total exports. It was followed by Austria, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-14.9% per year) and Austria (-3.3% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, increasing by 160% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 499%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+52.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into the Czech Republic

In 2022, approx. X tons of cigars, cheroots and cigarillos were imported into the Czech Republic; increasing by 4.1% on the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 53%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports totaled $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cigars and cigarillos to the Czech Republic, with a 52% share of total imports. Moreover, cigars and cigarillos imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by the Dominican Republic (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.7% per year) and the Dominican Republic (+9.1% per year).

In value terms, Germany ($X) constituted the largest supplier of cigars, cheroots and cigarillos to the Czech Republic, comprising 46% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 12% share of total imports. It was followed by Cuba, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+13.0% per year) and Cuba (+2.4% per year).

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, which is down by -3.7% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cigars and cigarillos import price increased by +22.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 59%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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