Greece: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Greece

The Greek cigars and cigarillos market declined modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, recorded a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cigars And Cigarillos Production in Greece

In value terms, cigars and cigarillos production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports from Greece

Cigars and cigarillos exports from Greece skyrocketed to X tons in 2022, growing by X% compared with the previous year. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, cigars and cigarillos exports surged to $X in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Malta (X tons) was the main destination for cigars and cigarillos exports from Greece, with a X% share of total exports. Moreover, cigars and cigarillos exports to Malta exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malta amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Cyprus (X% per year).

In value terms, Malta ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from Greece, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malta amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Malta ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.

Cigars And Cigarillos Imports

Imports into Greece

Cigars and cigarillos imports into Greece soared to X tons in 2022, rising by X% on 2021. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cigars and cigarillos imports reached $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest cigars and cigarillos supplier to Greece, with a X% share of total imports. Moreover, cigars and cigarillos imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, the largest cigars and cigarillos suppliers to Greece were Poland ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw 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, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Cyprus ($X per ton), while the price for Poland ($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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