Eastern Asia: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Eastern Asia

The East Asian cigars and cigarillos market dropped to $X in 2022, which is down by -7.6% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production in Eastern Asia

In value terms, cigars and cigarillos production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports in Eastern Asia

In 2022, shipments abroad of cigars, cheroots and cigarillos decreased by -6.5% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 159%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cigars and cigarillos exports contracted to $X in 2022. In general, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 78%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea was the key exporter of cigars, cheroots and cigarillos in Eastern Asia, with the volume of exports reaching X tons, which was near 46% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons) and China (X tons), together comprising a 52% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +59.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Hong Kong SAR ($X) remains the largest cigars and cigarillos supplier in Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by South Korea ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+66.3% per year) and China (+34.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, waning by -2.6% against the previous year. In general, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Cigars And Cigarillos Imports

Imports in Eastern Asia

In 2022, overseas purchases of cigars, cheroots and cigarillos decreased by -60.9% to X tons, falling for the second year in a row after five years of growth. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cigars and cigarillos imports shrank notably to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 62% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) represented the key importer of cigars, cheroots and cigarillos, achieving 67% of total imports. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took approx. 28% share of total imports. China (X tons) took a little share of total imports.

Japan was also the fastest-growing in terms of the cigars, cheroots and cigarillos imports, with a CAGR of +28.0% from 2012 to 2022. At the same time, China (+15.3%), Taiwan (Chinese) (+9.0%) and Hong Kong SAR (+2.1%) displayed positive paces of growth. While the share of Japan (+48 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-2.1 p.p.) and Hong Kong SAR (-43 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cigars and cigarillos importing markets in Eastern Asia were Hong Kong SAR ($X), Japan ($X) and China ($X), together accounting for 78% of total imports.

China, with a CAGR of +28.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 80% against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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