MERCOSUR: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in MERCOSUR

The MERCOSUR cigars and cigarillos market contracted modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in MERCOSUR

In value terms, cigars and cigarillos production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports in MERCOSUR

Cigars and cigarillos exports shrank dramatically to X tons in 2022, with a decrease of X% compared with the year before. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigars and cigarillos exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) and Colombia (X tons) were the key exporters of cigars, cheroots and cigarillos in MERCOSUR, together making up X% of total exports. Ecuador (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%) and Peru (X%).

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

In value terms, Brazil ($X) remains the largest cigars and cigarillos supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Cigars And Cigarillos Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of cigars, cheroots and cigarillos, when their volume decreased by X% to X tons. In general, imports recorded a mild decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports fell slightly to $X in 2022. Total imports indicated temperate 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) was the largest importer of cigars, cheroots and cigarillos, comprising X% of total imports. Argentina (X tons) held the second position in the ranking, distantly followed by Suriname (X tons), Peru (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports. The following importers - Paraguay (X tons) and Venezuela (X tons) - together made up X% of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Paraguay (X%), Argentina (X%), Suriname (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cigars and cigarillos importing markets in MERCOSUR were Argentina ($X), Brazil ($X) and Chile ($X), with a combined X% share of total imports. Suriname, Paraguay, Venezuela and Peru lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, recorded 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

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price 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, cigars and cigarillos import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :