Report Update Nov 1, 2024

Mexico - Cigars, Cheroots and Cigarillos - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Mexico

The Mexican cigars and cigarillos market reduced modestly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cigars And Cigarillos Production in Mexico

In value terms, cigars and cigarillos production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 41%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Cigars And Cigarillos Exports

Exports from Mexico

In 2022, shipments abroad of cigars, cheroots and cigarillos decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 5.2%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports stood at $X in 2022. Overall, exports faced a precipitous slump. The smallest decline of -4.4% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X kg), Nicaragua (X kg) and Slovakia (X kg) were the main destinations of cigars and cigarillos exports from Mexico, together accounting for 82% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +77.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cigars and cigarillos exported from Mexico were Slovakia ($X), Hong Kong SAR ($X) and Panama ($X), together comprising 58% of total exports. Nicaragua, Germany, Russia, the United States, Argentina, Canada, Spain and the Dominican Republic lagged somewhat behind, together comprising a further 26%.

Nicaragua, with a CAGR of +88.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, remaining constant against the previous year. In general, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 an increase of 8.4%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Nicaragua ($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 Hong Kong SAR (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Mexico

In 2022, purchases abroad of cigars, cheroots and cigarillos decreased by -55% to X kg, falling for the fourth consecutive year after two years of growth. Overall, imports faced a sharp decline. The pace of growth was the most pronounced in 2017 when imports increased by 124%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports contracted notably to $X in 2022. In general, imports saw a dramatic setback. The growth pace was the most rapid in 2017 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nicaragua (X kg) was the main supplier of cigars and cigarillos to Mexico, accounting for a approx. 100% share of total imports.

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

In value terms, Nicaragua ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value from Nicaragua was relatively modest.

Import Prices by Country

The average cigars and cigarillos import price stood at $X per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 88%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nicaragua.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +1.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cigars, cheroots and cigarillos in the world?

The countries with the highest volumes of cigars and cigarillos consumption in 2021 were the United States, China and India, with a combined 39% share of global consumption.

What are the largest producers of cigars, cheroots and cigarillos in the world?

China remains the largest cigars and cigarillos producing country worldwide, accounting for 15% of total volume. Moreover, cigars and cigarillos production in China exceeded the figures recorded by the second-largest producer, the Dominican Republic, twofold. India ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of cigars, cheroots and cigarillos to Mexico?

In value terms, Nicaragua constituted the largest supplier of cigars and cigarillos to Mexico, comprising 74% of total imports. The second position in the ranking was occupied by Germany, with a 25% share of total imports.

What are the leading importers of cigars, cheroots and cigarillos from Mexico?

In value terms, the largest markets for cigars and cigarillos exported from Mexico were Slovakia, Hong Kong SAR and Canada, together accounting for 82% of total exports.

What is the average export price for cigars, cheroots and cigarillos in Mexico?

In 2021, the average cigars and cigarillos export price amounted to $61,091 per ton, jumping by 36% against the previous year.

What is the average import price for cigars, cheroots and cigarillos in Mexico?

The average cigars and cigarillos import price stood at $80,200 per ton in 2021, picking up by 82% against the previous year.

This report provides an in-depth analysis of the cigars and cigarillos market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 12001130 - Cigars, cheroots and cigarillos containing tobacco or mixtures of tobacco and tobacco substitutes (excluding tobacco duty)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023