Cigars - Central & Western Europe
Central & Western Europe- The revenue in the Cigars market in Central & Western Europe is projected to reach US$2.9bn in 2024.
- It is anticipated that the market will experience an annual growth rate of 1.42% (CAGR 2024-2029).
- When compared globally, United States generates the highest revenue in this segment, amounting to US$13bn in 2024.
- In terms of per capita figures, each person in Central & Western Europe generates US$9.56 in revenue in 2024.
- Looking ahead, the volume in the Cigars market is expected to reach 5.0bn pieces by 2029.
- However, there is a projected volume decline of -1.3% in 2025.0.
- On average, each person in Central & Western Europe is expected to consume 17.7pieces cigars in 2024.
- In Spain, the demand for premium cigars has been steadily increasing, with a growing number of aficionados seeking unique and high-quality smoking experiences.
Definition:
Cigars are rolled bundles of dried and cured tobacco leaves that vary widely in size and shape, from cigarette-like cigarillos to bulging "Churchills" or "Gordos" which can measure up to 20 centimetres. Relatively low-priced Cigarillos compete in some markets with traditional cigarettes for quick nicotine-rushes while the bigger variants which take longer to smoke are a luxury item that are mostly consumed in a more leisurely way at home or on special occasions. Originating in the Americas, cigar tobacco today is still grown mostly in Central America and the Caribbean, as well as the United States, the Philippines and Indonesia. The global cigar industry is dominated by Imperial Brand's subsidiary Altadis and the Scandinavian Tobacco Group.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, and sales channels. To give a better representation of per capita figures, the population considered is 15 years and above. The price per unit denotes the cost of a single cigar.
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In-Scope
- Cigars such as Davidoff Nicaragua Diadema, Rock Patel Sixty Sixty, etc
- Cigarillos such as Al Capone, Black & Mild, Backwoods, etc
Out-Of-Scope
- Untaxed Cigars and cigarillos which are illegally sold
- (Filter) Cigarettes such as Marlboro Reds, Marlboro Golds, Camel Blues, etc
- Smoking Tobacco such as Marlboro Gold Fine Cut Hand Rolling Tobacco, Gold Leaf Hand Rolling Tobacco, etc
