Cigars - Iceland
Iceland- In 2024, the revenue in the Cigars market in Iceland amounts to US$5.9m.
- It is projected that the market will grow annually by 1.77% (CAGR 2024-2029).
- When compared globally, United States generates the most revenue in this segment, with US$13bn in 2024.
- In relation to the total population, per person revenues of US$17.80 are generated in 2024.
- Looking ahead to 2029, the volume in the Cigars market is expected to reach 5.0m pieces.
- However, there is a projected volume decline of -2.6% in 2025.0.
- The average volume per person in the Cigars market is expected to be 15.2pieces in 2024.
- With its cold climate and limited smoking culture, Iceland has seen a decline in the popularity of cigars in recent years.
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.
For more information on the displayed data, please use the info button right next to the boxes.
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
