Bulgaria: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Bulgaria

The Bulgarian cigars and cigarillos market stood at $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a prominent expansion. Cigars and cigarillos consumption peaked in 2022 and is expected to retain growth in years to come.

Cigars And Cigarillos Production in Bulgaria

In value terms, cigars and cigarillos production totaled $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32%. Cigars and cigarillos production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cigars And Cigarillos Exports

Exports from Bulgaria

In 2022, overseas shipments of cigars, cheroots and cigarillos decreased by -26.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 293% against the previous year. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, cigars and cigarillos exports dropped to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 459% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Croatia (X kg) and Albania (X kg) were the main destinations of cigars and cigarillos exports from Bulgaria, together comprising 83% of total exports. Slovenia, Serbia, North Macedonia and Armenia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cigars and cigarillos exported from Bulgaria were Romania ($X), Croatia ($X) and Slovenia ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Croatia, with a CAGR of +30.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, growing by 19% against the previous year. Overall, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Albania ($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 Slovenia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Bulgaria

In 2022, imports of cigars, cheroots and cigarillos into Bulgaria reached X tons, growing by 8.9% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cigars and cigarillos imports soared to $X in 2022. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 36%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Dominican Republic (X tons), Germany (X tons) and Cuba (X tons) were the main suppliers of cigars and cigarillos imports to Bulgaria, together comprising 78% of total imports. Italy, the Netherlands, Nicaragua and Spain lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cuba ($X), Germany ($X) and the Dominican Republic ($X) were the largest cigars and cigarillos suppliers to Bulgaria, together comprising 81% of total imports. Spain, Italy, the Netherlands and Nicaragua lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Italy, with a CAGR of +25.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cigars and cigarillos import price increased by +46.5% against 2013 indices. The most prominent rate of growth was recorded in 2013 an increase of 86% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Cuba ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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