Global Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size

The global cigars and cigarillos market amounted to $X.2B in 2022, remaining stable against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X.4B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production

In value terms, cigars and cigarillos production surged to $X.6B in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X.4B. From 2021 to 2022, global production growth failed to regain momentum.

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Cigars And Cigarillos Exports

Exports

In 2022, overseas shipments of cigars, cheroots and cigarillos decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2020 with an increase of X%. The global exports peaked at X tons in 2021, and then declined in the following year.

In value terms, cigars and cigarillos exports declined modestly to $X in 2022. The total export 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. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, the Dominican Republic (X tons) was the largest exporter of cigars, cheroots and cigarillos, creating X% of total exports. Nicaragua (X tons) held the second position in the ranking, followed by Germany (X tons). All these countries together held approx. X% share of total exports. Indonesia (X tons), Belgium (X tons), Hungary (X tons), Honduras (X tons), Cuba (X tons) and Spain (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos exports from the Dominican Republic stood at X%. At the same time, Hungary (X%), Nicaragua (X%), Germany (X%), Indonesia (X%) and Spain (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Cuba experienced a relatively flat trend pattern. By contrast, Belgium (X%) and Honduras (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic and Nicaragua 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 Dominican Republic ($X) remains the largest cigars and cigarillos supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Nicaragua ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Dominican Republic amounted to X%. In the other countries, the average annual rates were as follows: Nicaragua (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the Dominican Republic ($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 other global leaders experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports

After ten years of growth, purchases abroad of cigars, cheroots and cigarillos decreased by X% to X tons in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X%. Global imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cigars and cigarillos imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Global imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Italy (X tons), committing an X% share of total imports. Germany (X tons), Spain (X tons) and Belgium (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos imports into the United States stood at X%. At the same time, Italy (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Spain experienced a relatively flat trend pattern. While the share of the United States (X p.p.) and Italy (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Spain (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported cigars, cheroots and cigarillos worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, flattening at the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Spain ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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