Sweden: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Sweden

The Swedish cigars and cigarillos market dropped modestly to $X in 2022, shrinking by -2.7% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +12.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in Sweden

In value terms, cigars and cigarillos production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +13.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 197% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports from Sweden

In 2022, the amount of cigars, cheroots and cigarillos exported from Sweden surged to X tons, rising by 67% on the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 257%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports skyrocketed to $X in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 1,217% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X tons), China (X tons) and Latvia (X tons) were the main destinations of cigars and cigarillos exports from Sweden, together accounting for 47% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +162.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cigars and cigarillos exported from Sweden were Denmark ($X), Finland ($X) and Lithuania ($X), together accounting for 49% of total exports. China, Latvia, Estonia, Norway and Iceland lagged somewhat behind, together comprising a further 50%.

In terms of the main countries of destination, China, with a CAGR of +228.2%, recorded 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 cigars and cigarillos export price amounted to $X per ton, dropping by -26.6% against the previous year. In general, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 268% against the previous year. The export price peaked at $X per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 China (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Sweden

In 2022, approx. X tons of cigars, cheroots and cigarillos were imported into Sweden; with a decrease of -2.6% on 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 50%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, cigars and cigarillos imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 20%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Cuba (X tons) were the main suppliers of cigars and cigarillos imports to Sweden, together comprising 84% of total imports. The Dominican Republic, the Philippines, Nicaragua and Belgium lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +125.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Cuba ($X) were the largest cigars and cigarillos suppliers to Sweden, together comprising 91% of total imports. The Dominican Republic, Nicaragua, Belgium and the Philippines lagged somewhat behind, together comprising a further 7.6%.

The Philippines, with a CAGR of +86.0%, 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 cigars and cigarillos import price stood at $X per ton in 2022, with a decrease of -2.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39%. The import price peaked 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 origin: amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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