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Latvia - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in Latvia - 2023
Contents:
- Cigars and Cigarillos Price in Latvia (CIF) - 2022
- Cigars and Cigarillos Price in Latvia (FOB) - 2023
- Cigars and Cigarillos Imports in Latvia
- Cigars and Cigarillos Exports in Latvia
Cigars and Cigarillos Price in Latvia (CIF) - 2022
The average cigars and cigarillos import price stood at $41,320 per ton in 2022, approximately reflecting the previous year. Overall, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2013 when the average import price increased by 26%. Over the period under review, average import prices reached the maximum at $71,643 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Germany ($99,578 per ton), while the price for Lithuania ($24,894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.
Cigars and Cigarillos Price in Latvia (FOB) - 2023
In August 2023, the average cigars and cigarillos export price amounted to $52,278 per ton, picking up by 8.7% against the previous month. In general, export price indicated slight growth from September 2022 to August 2023: its price increased at an average monthly rate of +1.3% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, cigars and cigarillos export price increased by +26.4% against May 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 50% month-to-month. Over the period under review, the average export prices attained the peak figure at $66,610 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($327K per ton), while the average price for exports to Lithuania stood at $31,727 per ton.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+0.6%).
Cigars and Cigarillos Imports in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of cigars, cheroots and cigarillos, when their volume decreased by -7.4% to 121 tons. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 37%.
In value terms, cigars and cigarillos imports contracted to $5M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28%. As a result, imports attained the peak of $5.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Cigars and Cigarillos in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1.9 | 2.4 | 2.6 | 2.6 | 11.0% |
Germany | 0.6 | 1.3 | 1.6 | 1.2 | 26.0% |
Netherlands | 0.2 | 0.7 | 0.3 | 0.1 | -20.6% |
Lithuania | 0.7 | 0.5 | 0.4 | 0.1 | -47.7% |
Others | 0.8 | 0.6 | 0.6 | 1.0 | 7.7% |
Total | 4.3 | 5.5 | 5.4 | 5.0 | 5.2% |
Top Suppliers of Cigars and Cigarillos to Latvia in 2022:
- Poland (95.6 tons)
- Germany (11.8 tons)
- Lithuania (5.2 tons)
- Netherlands (3.1 tons)
Cigars and Cigarillos Exports in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of cigars, cheroots and cigarillos, when their volume decreased by -33% to 61 tons. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 42%. As a result, the exports attained the peak of 91 tons, and then contracted rapidly in the following year.
In value terms, cigars and cigarillos exports fell remarkably to $3.2M in 2022. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 63%. As a result, the exports reached the peak of $4.6M, and then shrank markedly in the following year.
Export of Cigars and Cigarillos in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1.8 | 2.4 | 3.2 | 1.8 | 0.0% |
Russia | N/A | N/A | 0.7 | 0.4 | -42.9% |
Others | 0.6 | 0.4 | 0.7 | 0.9 | 14.5% |
Total | 2.5 | 2.8 | 4.6 | 3.2 | 8.6% |
Top Export Markets for Cigars and Cigarillos from Latvia in 2022:
- Lithuania (56.9 tons)
- Russia (1.7 tons)
This report provides an in-depth analysis of the cigars and cigarillos market in Latvia. 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:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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
-
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
This report provides an in-depth analysis of the cigars and cigarillos market in Latvia.
This report provides an in-depth analysis of the cigarettes containing tobacco market in Latvia.
This report provides an in-depth analysis of the global cigars and cigarillos market.
This report provides an in-depth analysis of the global cigarettes containing tobacco market.
This report provides an in-depth analysis of the cigars and cigarillos market in Latvia.
This report provides an in-depth analysis of the cigarettes containing tobacco market in Latvia.
This report provides an in-depth analysis of the global cigars and cigarillos market.
This report provides an in-depth analysis of the global cigarettes containing tobacco market.
Explore the top import markets for cigars and cigarillos around the world. Find out key statistics and import values for countries like the United States, Germany, Italy, and more.
Explore the top import markets for cigarettes containing tobacco based on data from the IndexBox market intelligence platform.
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