Bangladesh: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Bangladesh

The Bangladeshi cigars and cigarillos market dropped slightly to $X in 2022, falling by -1.7% against the previous year. Over the period under review, consumption saw a mild setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cigars And Cigarillos Production in Bangladesh

In value terms, cigars and cigarillos production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from Bangladesh

Cigars and cigarillos exports from Bangladesh skyrocketed to X tons in 2022, jumping by 38% compared with 2021. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 12,803%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports soared to $X in 2022. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 11,175%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Barbados (X tons) was the main destination for cigars and cigarillos exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Barbados was relatively modest.

In value terms, Barbados ($X) emerged as the key foreign market for cigars, cheroots and cigarillos exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to Barbados was relatively modest.

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, dropping by -9.6% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Barbados.

From 2012 to 2022, the rate of growth in terms of prices for Belize amounted to -0.9% per year.

Cigars And Cigarillos Imports

Imports into Bangladesh

After two years of decline, overseas purchases of cigars, cheroots and cigarillos increased by 351% to X kg in 2022. In general, imports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 778% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cigars and cigarillos imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 1,108% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X kg) was the main cigars and cigarillos supplier to Bangladesh, with a 91% share of total imports. Moreover, cigars and cigarillos imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Brazil (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Hong Kong SAR stood at -20.4%.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Bangladesh, comprising 99% of total imports. The second position in the ranking was held by Brazil ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Hong Kong SAR stood at -15.3%.

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, jumping by 32% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 49%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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