U.S.: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in the U.S.

The U.S. cigars and cigarillos market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Cigars and cigarillos consumption peaked at $X in 2021, and then reduced in the following year.

Cigars And Cigarillos Production in the U.S.

In value terms, cigars and cigarillos production fell notably to $X in 2022. Overall, production recorded a sharp decline. Cigars and cigarillos production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Cigars And Cigarillos Exports

Exports from the U.S.

In 2022, shipments abroad of cigars, cheroots and cigarillos decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports showed a pronounced curtailment. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, cigars and cigarillos exports dropped dramatically to $X in 2022. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Canada (X tons) and Brazil (X tons) were the main destinations of cigars and cigarillos exports from the United States, together comprising X% of total exports. Curacao, Germany, the United Arab Emirates, Honduras, Australia, Hong Kong SAR, Venezuela, Saint Maarten (Dutch part), Iraq and Belize lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Dominican Republic ($X), Canada ($X) and Brazil ($X) constituted the largest markets for cigars and cigarillos exported from the United States worldwide, together comprising X% of total exports. Curacao, Australia, the United Arab Emirates, Honduras, Germany, Hong Kong SAR, Saint Maarten (Dutch part), Venezuela, Iraq and Belize lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Iraq, with a CAGR of X%, saw 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, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Germany ($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 Canada (X%), while the prices for the other major destinations experienced a decline.

Cigars And Cigarillos Imports

Imports into the U.S.

In 2022, purchases abroad of cigars, cheroots and cigarillos decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cigars and cigarillos imports contracted modestly to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest cigars and cigarillos supplier to the United States, with a X% share of total imports. Moreover, cigars and cigarillos imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), sevenfold. Honduras (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Dominican Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Honduras (X% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of cigars, cheroots and cigarillos to the United States, comprising X% of total imports. The second position in the ranking was held by Nicaragua ($X), with a X% share of total imports. It was followed by Honduras, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the Dominican Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Honduras (X% per year).

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Nicaragua ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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