Spain: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Spain

The Spanish cigars and cigarillos market reduced slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. Cigars and cigarillos consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cigars And Cigarillos Production in Spain

In value terms, cigars and cigarillos production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Cigars and cigarillos production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports from Spain

After five years of growth, overseas shipments of cigars, cheroots and cigarillos decreased by X% to X tons in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, cigars and cigarillos exports contracted to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for cigars and cigarillos exports from Spain, accounting for a X% share of total exports. Moreover, cigars and cigarillos exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Greece (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Greece (X% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Hungary ($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 more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Spain

In 2022, the amount of cigars, cheroots and cigarillos imported into Spain amounted to X tons, approximately equating the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cigars and cigarillos imports fell slightly to $X in 2022. Overall, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cigars and cigarillos to Spain, accounting for a X% share of total imports. Moreover, cigars and cigarillos imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Cuba (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), Belgium ($X) and Cuba ($X) were the largest cigars and cigarillos suppliers to Spain, together accounting for X% of total imports. The Dominican Republic, Hungary, Nicaragua, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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, reducing by X% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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