Denmark: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Denmark

The Danish unmanufactured tobacco market skyrocketed to $X in 2022, jumping by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild downturn. Unmanufactured tobacco consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Unmanufactured Tobacco Exports

Exports from Denmark

In 2022, exports of tobacco (unmanufactured) from Denmark shrank significantly to X tons, dropping by -84% on 2021 figures. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 174% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, unmanufactured tobacco exports dropped rapidly to $X in 2022. Overall, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2017 when exports increased by 281%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for unmanufactured tobacco exports from Denmark, accounting for a 51% share of total exports. Moreover, unmanufactured tobacco exports to Belgium exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Norway (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+709.3% per year) and Norway (+78.9% per year).

In value terms, Norway ($X) emerged as the key foreign market for tobacco (unmanufactured) exports from Denmark, comprising 56% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Canada, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +60.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.3% per year) and Canada (+131.8% per year).

Export Prices by Country

In 2022, the average unmanufactured tobacco export price amounted to $X per ton, with an increase of 146% against the previous year. In general, the export price showed a remarkable increase. As a result, the export price attained 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 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Belgium ($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 the United States (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Unmanufactured Tobacco Imports

Imports into Denmark

In 2022, the amount of tobacco (unmanufactured) imported into Denmark skyrocketed to X tons, picking up by 21% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unmanufactured tobacco imports soared to $X in 2022. Over the period under review, imports, however, showed a mild descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Malawi (X tons) and India (X tons) were the main suppliers of unmanufactured tobacco imports to Denmark, together comprising 57% of total imports. Zambia, Argentina, the Philippines, Germany, Bangladesh, the United States, the Netherlands, Greece, Indonesia and Zimbabwe lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Malawi ($X) and India ($X) were the largest unmanufactured tobacco suppliers to Denmark, with a combined 58% share of total imports. Argentina, Zambia, the Philippines, Bangladesh, Germany, the United States, Greece, the Netherlands, Zimbabwe and Indonesia lagged somewhat behind, together comprising a further 37%.

Zambia, with a CAGR of +27.4%, saw the highest rates of growth with regard to the value of imports, among 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 unmanufactured tobacco import price stood at $X per ton in 2022, with an increase of 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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