Greece: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Greece

In 2022, the Greek cigarettes containing tobacco market decreased by -8.3% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, posted a measured increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cigarettes Containing Tobacco Production in Greece

In value terms, cigarettes containing tobacco production reduced to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +57.6% against 2017 indices. The growth pace was the most rapid in 2019 when the production volume increased by 32% against the previous year. Cigarettes containing tobacco production peaked at $X in 2021, and then contracted in the following year.

Cigarettes Containing Tobacco Exports

Exports from Greece

In 2022, shipments abroad of cigarettes containing tobacco increased by 4.3% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 26%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco exports contracted to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Libya (X tons) and the United Arab Emirates (X tons) were the main destinations of cigarettes containing tobacco exports from Greece, together comprising 53% of total exports. Italy, Egypt, Spain, Albania, Portugal, Turkey, Serbia, Austria, Cyprus and Mauritania lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +194.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cigarettes containing tobacco exported from Greece were Italy ($X), Libya ($X) and Bulgaria ($X), together comprising 39% of total exports.

Among the main countries of destination, Italy, with a CAGR of +157.0%, saw the highest growth rate of 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 average cigarettes containing tobacco export price amounted to $X per ton, with a decrease of -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. The export price peaked at $X per ton in 2021, and then fell modestly in the following year.

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 Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Serbia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports into Greece

After three years of decline, supplies from abroad of cigarettes containing tobacco increased by 3.1% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports reduced rapidly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of cigarettes containing tobacco imports to Greece, with a combined 80% share of total imports. The Czech Republic, Portugal, Hungary and the UK lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +46.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Germany ($X) appeared to be the largest cigarettes containing tobacco suppliers to Greece, together comprising 75% of total imports. The Czech Republic, Portugal, Hungary and the UK lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Hungary, with a CAGR of +63.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, dropping by -18.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 an increase of 30%. The import price peaked at $X per ton in 2021, and then fell 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 the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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