Switzerland - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Switzerland - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights

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Cigars and Cigarillos Price in Switzerland - 2023

Contents:

  1. Cigars and Cigarillos Price in Switzerland (CIF) - 2023
  2. Cigars and Cigarillos Price in Switzerland (FOB) - 2022
  3. Cigars and Cigarillos Imports in Switzerland
  4. Cigars and Cigarillos Exports in Switzerland

Cigars and Cigarillos Price in Switzerland (CIF) - 2023

The average cigars and cigarillos import price stood at $314K per ton in August 2023, dropping by -11% against the previous month. Overall, import price indicated notable growth from August 2022 to August 2023: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, cigars and cigarillos import price decreased by -13.3% against June 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 47% against the previous month. The import price peaked at $362K per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Cuba ($903K per ton), while the price for Indonesia ($49,851 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Honduras (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Cigars and Cigarillos Price in Switzerland (FOB) - 2022

In 2022, the average cigars and cigarillos export price amounted to $63,165 per ton, surging by 11% against the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the average export prices attained the maximum at $74,222 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($461,782 per ton), while the average price for exports to Indonesia ($14,443 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 United Arab Emirates (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cigars and Cigarillos Imports in Switzerland

In 2022, imports of cigars, cheroots and cigarillos into Switzerland rose significantly to 293 tons, surging by 7.6% against the previous year's figure. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cigars and cigarillos imports declined slightly to $65M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.

Import of Cigars and Cigarillos in Switzerland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cuba32.042.941.435.73.7%
Dominican Republic5.36.17.99.621.9%
Germany4.44.75.46.513.9%
Nicaragua2.43.44.56.035.7%
Honduras1.72.62.93.729.6%
Indonesia0.81.31.31.317.6%
Belgium0.30.30.51.363.0%
Others2.03.22.31.3-13.4%
Total49.064.566.265.410.1%

Top Suppliers of Cigars and Cigarillos to Switzerland in 2022:

  1. Germany (73.9 tons)
  2. Cuba (61.6 tons)
  3. Dominican Republic (56.6 tons)
  4. Nicaragua (32.1 tons)
  5. Indonesia (28.0 tons)
  6. Honduras (24.0 tons)
  7. Belgium (8.7 tons)

Cigars and Cigarillos Exports in Switzerland

Cigars and cigarillos exports from Switzerland declined to 158 tons in 2022, with a decrease of -13% compared with the previous year. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of 181 tons, and then dropped in the following year.

In value terms, cigars and cigarillos exports dropped slightly to $9.9M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, the exports reached the peak of $10M, and then dropped slightly in the following year.

Export of Cigars and Cigarillos in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,2381,0371,8052,3341.4%
Hong Kong SAR1,1411,1702,3962,28326.0%
Honduras1,2851,9752,0691,4744.7%
Taiwan (Chinese)19353664470053.6%
Indonesia516252751472-2.9%
United States549208349282-19.9%
United Arab Emirates26719215514.6-62.0%
Others1,1711,1022,1192,39126.9%
Total7,3616,47110,2879,95010.6%

Top Export Markets for Cigars and Cigarillos from Switzerland in 2022:

  1. Honduras (71.8 tons)
  2. Germany (32.9 tons)
  3. Indonesia (32.7 tons)
  4. Taiwan (Chinese) (6.7 tons)
  5. Hong Kong SAR (4.9 tons)
  6. United States (3.7 tons)
  7. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cigars and cigarillos market in Switzerland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 12001130 - Cigars, cheroots and cigarillos containing tobacco or mixtures of tobacco and tobacco substitutes (excluding tobacco duty)

Country coverage:

  • Switzerland

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Switzerland
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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