Belgium: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Belgium

The Belgian cigars and cigarillos market expanded markedly to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate mild growth. Cigars and cigarillos consumption peaked in 2022 and is likely to see steady growth in years to come.

Cigars And Cigarillos Production in Belgium

In value terms, cigars and cigarillos production fell significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cigars And Cigarillos Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of cigars, cheroots and cigarillos, when their volume decreased by X% to X tons. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports shrank slightly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell modestly in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of cigars and cigarillos exports from Belgium, together comprising X% of total exports. Germany, the UK, Luxembourg and Canada lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), the Netherlands ($X) and Spain ($X) constituted the largest markets for cigars and cigarillos exported from Belgium worldwide, with a combined X% share of total exports. Germany, the UK, Luxembourg and Canada lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, increasing by X% against the previous year. In general, export price indicated a measured 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 export price increased by X% against 2017 indices. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Cigars And Cigarillos Imports

Imports into Belgium

After two years of growth, overseas purchases of cigars, cheroots and cigarillos decreased by X% to X tons in 2022. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, cigars and cigarillos imports reduced rapidly to $X in 2022. Over the period under review, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

Indonesia (X tons), Sri Lanka (X tons) and the Netherlands (X tons) were the main suppliers of cigars and cigarillos imports to Belgium, together comprising X% of total imports. Nicaragua, Germany, the Dominican Republic, Honduras and Cuba lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cigars and cigarillos suppliers to Belgium were the Netherlands ($X), Indonesia ($X) and the Dominican Republic ($X), with a combined X% share of total imports. Nicaragua, Sri Lanka, Cuba, Honduras and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to 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, surging by X% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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