Asia: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Asia

The Asian cigars and cigarillos market contracted slightly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in Asia

In value terms, cigars and cigarillos production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports in Asia

In 2022, overseas shipments of cigars, cheroots and cigarillos decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed measured growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Indonesia (X tons) was the main exporter of cigars, cheroots and cigarillos, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Sri Lanka (X tons), together making up a X% share of total exports. The Philippines (X tons), Myanmar (X tons) and Hong Kong SAR (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos exports from Indonesia stood at X%. At the same time, Myanmar (X%), the United Arab Emirates (X%), the Philippines (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cigars and cigarillos supplying countries in Asia were Hong Kong SAR ($X), Indonesia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Sri Lanka, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports in Asia

In 2022, overseas purchases of cigars, cheroots and cigarillos decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cigars and cigarillos imports shrank notably to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. Hong Kong SAR (X tons) held the next position in the ranking, followed by Indonesia (X tons), Iraq (X tons), Taiwan (Chinese) (X tons) and Turkey (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cigars and cigarillos importing markets in Asia were Hong Kong SAR ($X), Japan ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Turkey, Taiwan (Chinese), Iraq and Indonesia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible curtailment. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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