Lithuania: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Lithuania

The Lithuanian cigars and cigarillos market declined to $X in 2022, falling by -11.3% against the previous year. In general, consumption continues to indicate a slight setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in Lithuania

In value terms, cigars and cigarillos production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of cigars, cheroots and cigarillos, when their volume decreased by -99.6% to X kg. Overall, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2015 when exports increased by 281%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cigars and cigarillos exports dropped sharply to $X in 2022. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of 178% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X kg) and Estonia (X kg) were the main destinations of cigars and cigarillos exports from Lithuania.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +28.5%).

In value terms, the largest markets for cigars and cigarillos exported from Lithuania were Estonia ($X) and Latvia ($X).

In terms of the main countries of destination, Estonia, with a CAGR of +22.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Latvia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Cigars And Cigarillos Imports

Imports into Lithuania

After two years of growth, purchases abroad of cigars, cheroots and cigarillos decreased by -56.7% to X tons in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 194% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, cigars and cigarillos imports dropped significantly to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of 118%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Latvia (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of cigars and cigarillos imports to Lithuania, together accounting for 94% of total imports.

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 +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Lithuania, comprising 52% of total imports. The second position in the ranking was held by Latvia ($X), with a 23% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-4.3% per year) and the Netherlands (+18.8% per year).

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, jumping by 29% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +95.5% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform