Western Africa: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Western Africa

The West African cigars and cigarillos market reduced slightly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a pronounced increase 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cigars And Cigarillos Production in Western Africa

In value terms, cigars and cigarillos production dropped slightly to $X in 2022 estimated in export price. The total production indicated a measured increase 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 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Cigars And Cigarillos Exports

Exports in Western Africa

Cigars and cigarillos exports skyrocketed to X tons in 2022, with an increase of X% compared with the previous year. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Togo (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos exports from Nigeria stood at X%. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Togo increased by X percentage points.

In value terms, Nigeria ($X) emerged as the largest cigars and cigarillos supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with an X% share of total exports.

In Nigeria, cigars and cigarillos exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Cigars And Cigarillos Imports

Imports in Western Africa

Cigars and cigarillos imports surged to X tons in 2022, picking up by X% compared with the previous year. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports declined significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) dominates imports structure, together comprising X% of total imports. It was distantly followed by Liberia (X tons), comprising a X% share of total imports. The following importers - Benin (X tons), Ghana (X tons), Mali (X tons) and Guinea-Bissau (X tons) - together made up X% of total imports.

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

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported cigars, cheroots and cigarillos in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea-Bissau ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea-Bissau (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, saw a buoyant expansion. 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 hit record highs at $X per ton in 2019; however, from 2020 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 Guinea-Bissau ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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