Peru - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in Peru - 2021
Contents:
- Cigars and Cigarillos Price in Peru (FOB) - 2022
- Cigars and Cigarillos Price in Peru (CIF) - 2022
- Cigars and Cigarillos Exports in Peru
- Cigars and Cigarillos Imports in Peru
Cigars and Cigarillos Price in Peru (FOB) - 2022
In 2022, the average cigars and cigarillos export price amounted to $82,363 per ton, with a decrease of -16.4% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. The export price peaked at $114,960 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($83,057 per ton), while the average price for exports to Belgium stood at $80,406 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cigars and Cigarillos Price in Peru (CIF) - 2022
In 2022, the average cigars and cigarillos import price amounted to $14,079 per ton, surging by 25% against the previous year. In general, the import price, however, recorded a abrupt descent. The import price peaked at $43,912 per ton in 2012; however, from 2013 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 Cuba ($49,313 per ton), while the price for Colombia stood at $11,562 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Cigars and Cigarillos Exports in Peru
In 2022, approx. 3.4 tons of cigars, cheroots and cigarillos were exported from Peru; picking up by 42% on the year before. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 92% against the previous year. As a result, the exports attained the peak of 4.4 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cigars and cigarillos exports skyrocketed to $277K in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports attained the peak of $320K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cigars and Cigarillos in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 183 | 66.5 | 167 | 206 | 4.0% |
| Belgium | 26.6 | 71.8 | 57.3 | 70.7 | 38.5% |
| Spain | N/A | 182 | N/A | N/A | 0% |
| Others | 10.9 | N/A | 9.3 | N/A | -7.6% |
| Total | 220 | 320 | 234 | 277 | 8.0% |
Top Export Markets for Cigars and Cigarillos from Peru in 2022:
- Italy (2.5 tons)
- Belgium (0.9 tons)
Cigars and Cigarillos Imports in Peru
After three years of growth, overseas purchases of cigars, cheroots and cigarillos decreased by -23.1% to 15 tons in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports attained the peak of 20 tons, and then reduced remarkably in the following year.
In value terms, cigars and cigarillos imports fell modestly to $214K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +73.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 67%.
| Import of Cigars and Cigarillos in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 61.3 | 144 | 170 | 164 | 38.8% |
| Cuba | 13.8 | 62.4 | 51.9 | 50.0 | 53.6% |
| Bangladesh | 25.8 | N/A | N/A | N/A | 0% |
| Others | 22.2 | 0.3 | N/A | N/A | -98.6% |
| Total | 123 | 206 | 222 | 214 | 20.3% |
Top Suppliers of Cigars and Cigarillos to Peru in 2022:
- Colombia (14.2 tons)
- Cuba (1.0 tons)
This report provides an in-depth analysis of the cigars and cigarillos market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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
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