Mexico: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Mexico

In 2022, the Mexican cigarettes containing tobacco market decreased by 0% to $X, falling for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cigarettes Containing Tobacco Production in Mexico

In value terms, cigarettes containing tobacco production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. Cigarettes containing tobacco production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cigarettes Containing Tobacco Exports

Exports from Mexico

In 2022, overseas shipments of cigarettes containing tobacco decreased by 0% to X tons, falling for the second year in a row after two years of decline. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 81%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cigarettes containing tobacco exports totaled $X in 2022. Overall, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Canada (X tons) and the United States (X tons) were the main destinations of cigarettes containing tobacco exports from Mexico, together comprising 81% of total exports. These countries were followed by Guatemala, Costa Rica, Ukraine and El Salvador, which together accounted for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cigarettes containing tobacco exported from Mexico were Canada ($X), the United States ($X) and Colombia ($X), with a combined 80% share of total exports. Costa Rica, Guatemala, El Salvador and Ukraine lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Ukraine, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cigarettes containing tobacco export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 67% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 El Salvador ($X per ton), while the average price for exports to Ukraine ($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 the United States (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cigarettes Containing Tobacco Imports

Imports into Mexico

Cigarettes containing tobacco imports into Mexico stood at X tons in 2016, approximately equating the previous year's figure. In general, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports stood at $X in 2016. Overall, imports faced a sharp downturn. The smallest decline of -26.2% was in 2014. Imports peaked at $X in 2012; however, from 2013 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, Canada (X tons) constituted the largest supplier of cigarettes containing tobacco to Mexico, accounting for a 39% share of total imports. Moreover, cigarettes containing tobacco imports from Canada exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from Canada totaled -31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+27.4% per year) and Russia (-39.8% per year).

In value terms, the largest cigarettes containing tobacco suppliers to Mexico were Chile ($X), the United States ($X) and Canada ($X), with a combined 45% share of total imports.

Among the main suppliers, Chile, with a CAGR of -2.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2016, remaining stable against the previous year. Over the period under review, the import price showed a abrupt setback. The growth pace was the most rapid in 2013 when the average import price decreased by -2.3%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, 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 Turkey ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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