Belgium - Cigars, Cheroots and Cigarillos - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBelgium: Cigars And Cigarillos Market 2024
Cigars And Cigarillos Market Size in Belgium
The Belgian cigars and cigarillos market shrank remarkably to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption showed a noticeable contraction. Cigars and cigarillos consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.
Cigars And Cigarillos Production in Belgium
In value terms, cigars and cigarillos production totaled $X in 2023 estimated in export price. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Cigars And Cigarillos Exports
Exports from Belgium
In 2023, approx. X tons of cigars, cheroots and cigarillos were exported from Belgium; growing by X% against the year before. Overall, exports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
In value terms, cigars and cigarillos exports totaled $X in 2023. In general, exports showed a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.
Exports by Country
France (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of cigars and cigarillos exports from Belgium, together comprising X% of total exports. Germany, Luxembourg, the UK, Sri Lanka, Portugal and Canada lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for cigars and cigarillos exported from Belgium were France ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total exports. Germany, the UK, Luxembourg, Portugal, Sri Lanka and Canada lagged somewhat behind, together comprising a further X%.
In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average cigars and cigarillos export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cigars and cigarillos export price increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.
From 2012 to 2023, 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
In 2023, supplies from abroad of cigars, cheroots and cigarillos decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, cigars and cigarillos imports rose notably to $X in 2023. Over the period under review, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
Indonesia (X tons), Sri Lanka (X tons) and Nicaragua (X tons) were the main suppliers of cigars and cigarillos imports to Belgium, with a combined X% share of total imports. The Dominican Republic, Germany, the Netherlands, Honduras and Cuba lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest cigars and cigarillos suppliers to Belgium were Indonesia ($X), the Netherlands ($X) and the Dominican Republic ($X), together accounting for X% of total imports. Cuba, Sri Lanka, Nicaragua, Honduras and Germany lagged somewhat behind, together accounting for a further X%.
Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average cigars and cigarillos import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cigars and cigarillos import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.
From 2012 to 2023, 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 more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the cigars and cigarillos market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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