Australia and Oceania: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Australia and Oceania

The cigars and cigarillos market in Australia and Oceania declined to $X in 2022, reducing by -3.2% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cigars And Cigarillos Production in Australia and Oceania

In value terms, cigars and cigarillos production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports in Australia and Oceania

In 2022, the amount of cigars, cheroots and cigarillos exported in Australia and Oceania skyrocketed to X tons, rising by 104% compared with the previous year's figure. Over the period under review, exports continue to indicate a modest increase. The growth pace was the most rapid in 2016 when exports increased by 106%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports surged to $X in 2022. Overall, exports recorded pronounced growth. The pace of growth appeared the most rapid in 2019 with an increase of 180% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, New Zealand (X tons) was the key exporter of cigars, cheroots and cigarillos, comprising 66% of total exports. It was distantly followed by Australia (X tons), committing a 31% share of total exports. New Caledonia (X kg) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos exports from New Zealand stood at +30.8%. At the same time, New Caledonia (+40.6%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +40.6% from 2012-2022. By contrast, Australia (-9.3%) illustrated a downward trend over the same period. While the share of New Zealand (+61 p.p.) and New Caledonia (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-63.3 p.p.) displayed negative dynamics.

In value terms, the largest cigars and cigarillos supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and New Caledonia ($X), together accounting for 100% of total exports.

New Caledonia, with a CAGR of +30.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, falling by -12.3% against the previous year. Overall, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 100%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.0%), while the other leaders experienced a decline in the export price figures.

Cigars And Cigarillos Imports

Imports in Australia and Oceania

In 2022, overseas purchases of cigars, cheroots and cigarillos increased by 16% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 44%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, cigars and cigarillos imports surged to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 74% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) represented the major importer of cigars, cheroots and cigarillos, committing 67% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by New Caledonia (X tons). All these countries together took near 29% share of total imports. Kiribati (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cigars and cigarillos imports into Australia stood at -13.0%. At the same time, Kiribati (+15.2%) and New Caledonia (+11.7%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +15.2% from 2012-2022. By contrast, New Zealand (-7.4%) illustrated a downward trend over the same period. New Zealand (+8.3 p.p.), New Caledonia (+4.5 p.p.) and Kiribati (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -15.7% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cigars, cheroots and cigarillos in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports. It was followed by New Caledonia, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +1.6%. In the other countries, the average annual rates were as follows: New Zealand (+1.2% per year) and New Caledonia (-5.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by 5.3% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 173% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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