Canada - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in Canada - 2023
Contents:
- Cigars and Cigarillos Price in Canada (CIF) - 2022
- Cigars and Cigarillos Price in Canada (FOB) - 2022
- Cigars and Cigarillos Imports in Canada
- Cigars and Cigarillos Exports in Canada
Cigars and Cigarillos Price in Canada (CIF) - 2022
The average cigars and cigarillos import price stood at $98,146 per ton in 2022, shrinking by -1.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.4%. As a result, import price attained the peak level of $106,792 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cuba ($98,146 per ton) and the United States ($98,146 per ton), while the price for Belgium ($98,146 per ton) and the Dominican Republic ($98,146 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (-0.2%), while the prices for the other major suppliers experienced a decline.
Cigars and Cigarillos Price in Canada (FOB) - 2022
The average cigars and cigarillos export price stood at $123,696 per ton in 2022, picking up by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($123,696 per ton) and Hong Kong SAR ($123,696 per ton), while the average price for exports to Nicaragua ($123,695 per ton) and Switzerland ($123,696 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cigars and Cigarillos Imports in Canada
After three years of growth, overseas purchases of cigars, cheroots and cigarillos decreased by -23.1% to 292 tons in 2022. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 380 tons, and then declined significantly in the following year.
In value terms, cigars and cigarillos imports declined remarkably to $29M in 2022. In general, imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, imports reached the peak of $38M, and then shrank rapidly in the following year.
| Import of Cigars and Cigarillos in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 8.1 | 4.5 | 7.0 | 15.3 | 23.6% |
| Cuba | 4.6 | 4.9 | 6.2 | 5.1 | 3.5% |
| Nicaragua | 1.5 | 2.0 | 3.8 | 3.4 | 31.4% |
| Honduras | 1.4 | 1.3 | 3.2 | 1.7 | 6.7% |
| United States | 2.7 | 4.6 | 3.0 | 1.3 | -21.6% |
| Netherlands | 3.8 | 4.8 | 8.8 | 1.0 | -35.9% |
| Belgium | 7.6 | 9.4 | 3.8 | 0.3 | -66.0% |
| Others | 0.5 | 0.9 | 2.3 | 0.6 | 6.3% |
| Total | 30.1 | 32.4 | 37.8 | 28.6 | -1.7% |
Top Suppliers of Cigars and Cigarillos to Canada in 2022:
- Dominican Republic (156.3 tons)
- Cuba (51.5 tons)
- Nicaragua (34.4 tons)
- Honduras (17.4 tons)
- United States (13.7 tons)
- Netherlands (9.9 tons)
- Belgium (2.9 tons)
Cigars and Cigarillos Exports in Canada
In 2022, shipments abroad of cigars, cheroots and cigarillos decreased by -53.8% to 3.1 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 470% against the previous year. As a result, the exports reached the peak of 11 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cigars and cigarillos exports reduced notably to $381K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 491%. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cigars and Cigarillos in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.4 | 605 | 279 | 309 | 59.3% |
| Dominican Republic | N/A | 119 | 204 | 28.4 | -51.1% |
| Hong Kong SAR | N/A | N/A | 110 | 16.7 | -84.8% |
| Switzerland | 48.5 | 277 | 164 | 14.5 | -33.1% |
| Nicaragua | N/A | N/A | N/A | 6.8 | 0% |
| Spain | 39.3 | 28.4 | N/A | N/A | -27.7% |
| Others | 12.6 | 15.1 | 3.8 | 5.4 | -24.6% |
| Total | 177 | 1,045 | 762 | 381 | 29.1% |
Top Export Markets for Cigars and Cigarillos from Canada in 2022:
- United States (2499.0 kg)
- Dominican Republic (230.0 kg)
- Hong Kong SAR (135.0 kg)
- Switzerland (117.0 kg)
- Nicaragua (55.0 kg)
This report provides an in-depth analysis of the cigars and cigarillos market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
392
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