United Kingdom: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in the UK

The UK cigars and cigarillos market rose significantly to $X in 2022, picking up by 6.9% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cigars and cigarillos consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Cigars And Cigarillos Production in the UK

In value terms, cigars and cigarillos production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 19%. Cigars and cigarillos production peaked at $X in 2020; afterwards, it flattened through to 2022.

Cigars And Cigarillos Exports

Exports from the UK

In 2022, shipments abroad of cigars, cheroots and cigarillos was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2019 with an increase of 172%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports shrank to $X in 2022. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 603% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for cigars and cigarillos exports from the UK, accounting for a 51% share of total exports. Moreover, cigars and cigarillos exports to Hong Kong SAR exceeded the volume sent to the second major destination, Germany (X kg), threefold. The third position in this ranking was held by Singapore (X kg), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.3% per year) and Singapore (+6.3% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from the UK, comprising 60% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports. It was followed by Switzerland, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+3.7% per year) and Switzerland (-10.5% per year).

Export Prices by Country

The average cigars and cigarillos export price stood at $X per ton in 2022, falling by -31.2% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 Czech Republic (+75.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into the UK

Cigars and cigarillos imports into the UK soared to X tons in 2022, increasing by 93% on 2021. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cigars and cigarillos imports surged to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cigars and cigarillos to the UK, accounting for a 57% share of total imports. Moreover, cigars and cigarillos imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.4% per year) and Poland (-0.1% per year).

In value terms, the Netherlands ($X), Spain ($X) and Cuba ($X) constituted the largest cigars and cigarillos suppliers to the UK, with a combined 77% share of total imports. Poland, Brazil, Germany, the Dominican Republic and Belgium lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Brazil, with a CAGR of +87,293.6%, 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 cigars and cigarillos import price stood at $X per ton in 2022, falling by -31.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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