Denmark: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Denmark

The Danish cigars and cigarillos market reduced to $X in 2022, dropping by -9% against the previous year. Over the period under review, consumption recorded a deep reduction. Cigars and cigarillos consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production in Denmark

In value terms, cigars and cigarillos production fell slightly to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 9.8% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from Denmark

In 2022, approx. X kg of cigars, cheroots and cigarillos were exported from Denmark; with an increase of 12% compared with the previous year. Over the period under review, exports, however, continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 52% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigars and cigarillos exports stood at $X in 2022. In general, exports, however, faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X kg), Switzerland (X kg) and Greenland (X kg) were the main destinations of cigars and cigarillos exports from Denmark, together comprising 71% of total exports. Faroe Islands, Norway and Iran lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Faroe Islands (with a CAGR of +56.6%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from Denmark, comprising 45% of total exports. The second position in the ranking was held by Greenland ($X), with a 21% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to -32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-4.5% per year) and Turkey (-20.6% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, shrinking by -8.4% against the previous year. In general, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 50%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Iran ($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 Faroe Islands (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Denmark

In 2022, cigars and cigarillos imports into Denmark dropped rapidly to X tons, with a decrease of -19.1% on 2021 figures. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 43%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports declined significantly to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 90% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cigars and cigarillos to Denmark, accounting for a 84% share of total imports. Moreover, cigars and cigarillos imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Spain (X kg) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and Spain (+21.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Denmark, comprising 85% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Spain, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and Spain (+23.3% per year).

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, waning by -19.1% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +27.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 58%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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