Denmark: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Denmark

The Danish cigars and cigarillos market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Cigars and cigarillos consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in Denmark

In value terms, cigars and cigarillos production dropped slightly to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from Denmark

In 2022, after seven years of decline, there was significant growth in shipments abroad of cigars, cheroots and cigarillos, when their volume increased by X% to X kg. Over the period under review, exports, however, faced a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports expanded slightly to $X in 2022. In general, exports, however, recorded a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg), Turkey (X kg) and Greenland (X kg) were the main destinations of cigars and cigarillos exports from Denmark, together comprising X% of total exports. Norway, Faroe Islands and Iran lagged somewhat behind, together accounting for a further X%.

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

In value terms, Switzerland ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Greenland ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, flattening at the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Greenland ($X per ton), while the average price for exports to Iran ($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 Faroe Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Denmark

For the sixth consecutive year, Denmark recorded decline in overseas purchases of cigars, cheroots and cigarillos, which decreased by X% to X tons in 2022. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cigars and cigarillos imports reduced notably to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cigars and cigarillos to Denmark, with a X% share of total imports. Moreover, cigars and cigarillos imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, waning by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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