Bahrain: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Bahrain

For the third year in a row, the Bahraini cigars and cigarillos market recorded decline in sales value, which decreased by -1.6% to $X in 2022. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Cigars and cigarillos consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production in Bahrain

In value terms, cigars and cigarillos production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38% against the previous year. Cigars and cigarillos production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from Bahrain

In 2022, cigars and cigarillos exports from Bahrain skyrocketed to X kg, rising by 7,223% on 2021. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X kg) was the main destination for cigars and cigarillos exports from Bahrain, with a 68% share of total exports. Moreover, cigars and cigarillos exports to Pakistan exceeded the volume sent to the second major destination, Canada (X kg), fourfold. The third position in this ranking was held by Malta (X kg), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Malta (0.0% per year).

In value terms, Canada ($X) emerged as the key foreign market for cigars, cheroots and cigarillos exports from Bahrain, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Malta, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+191.4% per year) and Malta (0.0% per year).

Export Prices by Country

The average cigars and cigarillos export price stood at $X per ton in 2022, dropping by -70% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Pakistan ($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 Free Zones (-27.4%).

Cigars And Cigarillos Imports

Imports into Bahrain

In 2022, overseas purchases of cigars, cheroots and cigarillos decreased by -31.1% to X kg, falling for the third year in a row after two years of growth. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 113% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cigars and cigarillos imports contracted to $X in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 68%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nicaragua (X kg), Cuba (X kg) and the Dominican Republic (X kg) were the main suppliers of cigars and cigarillos imports to Bahrain, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of +28.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Cuba ($X), the Dominican Republic ($X) and Nicaragua ($X) appeared to be the largest cigars and cigarillos suppliers to Bahrain, with a combined 90% share of total imports.

In terms of the main suppliers, Nicaragua, with a CAGR of +29.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, with an increase of 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 66%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform