Bangladesh - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in Bangladesh - 2022
Contents:
- Cigars and Cigarillos Price in Bangladesh (FOB) - 2022
- Cigars and Cigarillos Price in Bangladesh (CIF) - 2022
- Cigars and Cigarillos Exports in Bangladesh
- Cigars and Cigarillos Imports in Bangladesh
Cigars and Cigarillos Price in Bangladesh (FOB) - 2022
In 2022, the average cigars and cigarillos export price amounted to $68,837 per ton, dropping by -3.7% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $225,410 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.6% per year.
Cigars and Cigarillos Price in Bangladesh (CIF) - 2022
In 2022, the average cigars and cigarillos import price amounted to $51,630 per ton, jumping by 25% against the previous year. Overall, the import price saw a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 112%. Over the period under review, average import prices reached the peak figure at $57,698 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Hong Kong SAR ($205,833 per ton), while the price for Brazil ($6,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cigars and Cigarillos Exports in Bangladesh
In 2022, the amount of cigars, cheroots and cigarillos exported from Bangladesh soared to 2.5 tons, increasing by 30% compared with 2021 figures. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 121%. As a result, the exports attained the peak of 3.1 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cigars and cigarillos exports surged to $171K in 2022. Over the period under review, exports, however, saw a deep downturn.
| Export of Cigars and Cigarillos in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 7.3 | 170 | 2228.8% |
| Belize | N/A | N/A | 1.7 | N/A | 0% |
| Peru | 25.8 | N/A | N/A | N/A | 0% |
| United States | 19.0 | 162 | 128 | N/A | 159.6% |
| Singapore | N/A | 35.4 | N/A | N/A | 0% |
| Maldives | 242 | N/A | N/A | N/A | 0% |
| Others | 25.5 | 8.2 | N/A | 1.3 | -62.9% |
| Total | 312 | 205 | 137 | 171 | -18.2% |
Top Export Markets for Cigars and Cigarillos from Bangladesh in 2022:
- United Arab Emirates (2.5 tons)
Cigars and Cigarillos Imports in Bangladesh
In 2022, supplies from abroad of cigars, cheroots and cigarillos was finally on the rise to reach 192 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant contraction.
In value terms, cigars and cigarillos imports surged to $9.9K in 2022. In general, imports, however, faced a precipitous decrease.
| Import of Cigars and Cigarillos in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 22.6 | 1.3 | 0.3 | 2.8 | -50.1% |
| Malaysia | 0.9 | N/A | 0.4 | 1.5 | 18.6% |
| Hong Kong SAR | 11.2 | 16.9 | N/A | 1.2 | -52.5% |
| Dominican Republic | 0.3 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | 0.4 | N/A | 0% |
| Others | N/A | N/A | 0.6 | 4.4 | 633.3% |
| Total | 35.0 | 18.2 | 1.7 | 9.9 | -34.4% |
Top Suppliers of Cigars and Cigarillos to Bangladesh in 2022:
- Thailand (19.0 kg)
- Malaysia (9.0 kg)
- Hong Kong SAR (6.0 kg)
- Brazil (1.0 kg)
This report provides an in-depth analysis of the cigars and cigarillos market in Bangladesh. 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:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- 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
297
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