India: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in India

The Indian cigars and cigarillos market totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cigars and cigarillos consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Cigars And Cigarillos Production in India

In value terms, cigars and cigarillos production amounted to $X in 2022 estimated in export price. Overall, the total production indicated notable growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Cigars and cigarillos production peaked at $X in 2020; afterwards, it flattened through to 2022.

Cigars And Cigarillos Exports

Exports from India

In 2022, shipments abroad of cigars, cheroots and cigarillos decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigars and cigarillos exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for cigars and cigarillos exports from India, accounting for a X% share of total exports. Moreover, cigars and cigarillos exports to Israel exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Maldives (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Israel stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Maldives (X% per year).

In value terms, Israel ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from India, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Israel stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average cigars and cigarillos export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into India

After two years of decline, overseas purchases of cigars, cheroots and cigarillos increased by X% to X tons in 2022. In general, imports, however, saw a noticeable slump. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cigars and cigarillos imports soared to $X in 2022. Over the period under review, imports, however, recorded a pronounced slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cuba (X tons) constituted the largest supplier of cigars and cigarillos to India, accounting for a X% share of total imports. Moreover, cigars and cigarillos imports from Cuba exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Cuba was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

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

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: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the price for the Dominican Republic ($X per ton) and the United States ($X per ton) were 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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :