Denmark: Tobacco Market 2024

Tobacco Market Size in Denmark

The Danish tobacco market declined dramatically to $X in 2021, waning by -96.2% against the previous year. In general, consumption faced a precipitous slump. Tobacco consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Tobacco Production in Denmark

In value terms, tobacco production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the immediate term.

Tobacco Exports

Exports from Denmark

In 2021, shipments abroad of tobacco (smoking tobacco, chewing tobacco, snuff) increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco exports soared to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for tobacco exports from Denmark, accounting for a 29% share of total exports. Moreover, tobacco exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.7% per year) and the United States (+7.0% per year).

In value terms, Germany ($X) remains the key foreign market for tobacco (smoking tobacco, chewing tobacco, snuff) exports from Denmark, comprising 36% of total exports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total exports. It was followed by Norway, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+12.7% per year) and Norway (+4.0% per year).

Export Prices by Country

In 2021, the average tobacco export price amounted to $X per ton, picking up by 35% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tobacco export price increased by +62.0% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Denmark

Tobacco imports into Denmark skyrocketed to X tons in 2021, surging by 69% on 2020 figures. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, tobacco imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 41%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest tobacco supplier to Denmark, with a 71% share of total imports. Moreover, tobacco imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Romania (+9.5% per year).

In value terms, the largest tobacco suppliers to Denmark were Sweden ($X), Germany ($X) and Greece ($X), together comprising 89% of total imports.

Greece, with a CAGR of +156.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco import price stood at $X per ton in 2021, waning by -23.2% against the previous year. Overall, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 96% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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