Costa Rica: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Costa Rica

In 2022, the Costa Rican cigars and cigarillos market decreased by X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Cigars and cigarillos consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production in Costa Rica

In value terms, cigars and cigarillos production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 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 from Costa Rica

Cigars and cigarillos exports from Costa Rica skyrocketed to X tons in 2022, picking up by X% on the year before. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, cigars and cigarillos exports amounted to $X in 2022. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of cigars and cigarillos exports from Costa Rica, together comprising X% of total exports. Serbia, Turkey, Hong Kong SAR, Taiwan (Chinese), Curacao, Lebanon, the Netherlands, Belgium, Spain and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United States ($X) and Curacao ($X) were the largest markets for cigars and cigarillos exported from Costa Rica worldwide, with a combined X% share of total exports. Taiwan (Chinese), Hong Kong SAR, Serbia, Germany, Turkey, the Netherlands, Lebanon, Spain, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average cigars and cigarillos export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cigars And Cigarillos Imports

Imports into Costa Rica

In 2022, approx. X kg of cigars, cheroots and cigarillos were imported into Costa Rica; waning by X% on the year before. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cigars and cigarillos imports dropped notably to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Cuba (X kg), Nicaragua (X kg) and the United States (X kg) were the main suppliers of cigars and cigarillos imports to Costa Rica.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Cuba ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Nicaragua ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cuba totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for Nicaragua ($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 Dominican Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :