Ecuador: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Ecuador

The Ecuadorian cigars and cigarillos market expanded markedly to $X in 2022, increasing by 6.3% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cigars And Cigarillos Production in Ecuador

In value terms, cigars and cigarillos production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports from Ecuador

In 2022, shipments abroad of cigars, cheroots and cigarillos increased by 47% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 518%. As a result, the exports attained the peak of X kg. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cigars and cigarillos exports rose notably to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 573%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X kg) was the main destination for cigars and cigarillos exports from Ecuador, with a 89% share of total exports. Moreover, cigars and cigarillos exports to the Dominican Republic exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to -31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-32.6% per year) and Germany (-23.2% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from Ecuador, comprising 74% of total exports. The second position in the ranking was taken by Germany ($X), with a 2% share of total exports. It was followed by the United States, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic totaled +84.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-27.1% per year) and the United States (-32.4% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, reducing by -22% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 129%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($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 Spain (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Ecuador

In 2022, cigars and cigarillos imports into Ecuador surged to X kg, with an increase of 322% on the previous year's figure. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 4,407%. Imports peaked at X kg in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cigars and cigarillos imports skyrocketed to $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 6,481%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Panama (X kg) constituted the largest cigars and cigarillos supplier to Ecuador, with a 69% share of total imports. Moreover, cigars and cigarillos imports from Panama exceeded the figures recorded by the second-largest supplier, Cuba (X kg), sevenfold. The third position in this ranking was taken by Peru (X kg), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Panama totaled +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (+42.7% per year) and Peru (+13.9% per year).

In value terms, Panama ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Ecuador, comprising 64% of total imports. The second position in the ranking was taken by Cuba ($X), with a 14% share of total imports. It was followed by Peru, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Panama stood at +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (+35.8% per year) and Peru (+17.4% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, shrinking by -32.9% against the previous year. In general, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. The import price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

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 Peru ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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