Europe: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Europe

The Europe cigars and cigarillos market dropped to $X in 2022, which is down by -9.4% against the previous year. Overall, consumption saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cigars And Cigarillos Production in Europe

In value terms, cigars and cigarillos production declined remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 158% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports in Europe

Cigars and cigarillos exports contracted notably to X tons in 2022, which is down by -25.3% on the previous year. Over the period under review, exports saw a slight curtailment. The growth pace was the most rapid in 2020 when exports increased by 31%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cigars and cigarillos exports declined markedly to $X in 2022. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 24%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany represented the key exporter of cigars, cheroots and cigarillos in Europe, with the volume of exports recording X tons, which was approx. 41% of total exports in 2022. Hungary (X tons) ranks second in terms of the total exports with a 15% share, followed by Belgium (13%), Spain (13%) and Poland (7.7%). The following exporters - Slovakia (X tons) and Italy (X tons) - each accounted for a 4.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos exports from Germany stood at +5.2%. At the same time, Poland (+47.9%), Slovakia (+34.4%), Italy (+14.3%), Hungary (+12.0%) and Spain (+2.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +47.9% from 2012-2022. By contrast, Belgium (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Hungary, Poland, Spain, Slovakia and Italy increased by +19, +11, +7.6, +3.3, +2.1 and +1.5 percentage points, respectively.

In value terms, Germany ($X), Belgium ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 79% of total exports. Hungary, Poland, Italy and Slovakia lagged somewhat behind, together comprising a further 16%.

In terms of the main exporting countries, Poland, with a CAGR of +45.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, which is down by -2.6% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the export price increased by 9.4% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the other leaders experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports in Europe

In 2022, approx. X tons of cigars, cheroots and cigarillos were imported in Europe; with an increase of 33% against 2021 figures. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cigars and cigarillos imports totaled $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 18%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy was the key importer of cigars, cheroots and cigarillos in Europe, with the volume of imports accounting for X tons, which was approx. 34% of total imports in 2022. Germany (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Spain (8.3%), Belgium (6.2%), the Netherlands (5.2%) and France (5.1%). The following importers - Romania (X tons), the UK (X tons), Greece (X tons), Slovakia (X tons), Russia (X tons) and Portugal (X tons) - together made up 17% of total imports.

Italy was also the fastest-growing in terms of the cigars, cheroots and cigarillos imports, with a CAGR of +48.0% from 2012 to 2022. At the same time, Romania (+43.4%), Slovakia (+34.6%), Greece (+18.1%), the UK (+9.6%), Belgium (+7.2%) and Portugal (+4.5%) displayed positive paces of growth. Germany and Spain experienced a relatively flat trend pattern. By contrast, France (-3.3%), Russia (-3.3%) and the Netherlands (-12.0%) illustrated a downward trend over the same period. Italy (+33 p.p.), Romania (+3.7 p.p.), Slovakia (+2.7 p.p.), Greece (+2.5 p.p.) and Belgium (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Russia, Spain, France, Germany and the Netherlands saw its share reduced by -2.2%, -4.1%, -5.7%, -5.9% and -22.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cigars and cigarillos importing markets in Europe were Germany ($X), Italy ($X) and France ($X), with a combined 44% share of total imports.

Italy, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with a decrease of -24.3% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform