Nigeria: Cigars And Cigarillos Market 2025

Cigars And Cigarillos Market Size in Nigeria

The Nigerien cigars and cigarillos market fell slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, recorded a resilient increase. Cigars and cigarillos consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Cigars And Cigarillos Production in Nigeria

In value terms, cigars and cigarillos production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 49%. Cigars and cigarillos production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports from Nigeria

In 2022, approx. X kg of cigars, cheroots and cigarillos were exported from Nigeria; dropping by -11.1% compared with the previous year. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2020 when exports increased by 2,674%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports dropped to $X in 2022. In general, exports showed a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 2,789%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg), Cameroon (X kg) and Benin (X kg) were the main destinations of cigars and cigarillos exports from Nigeria.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +9.0%), while the other leaders experienced a decline.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for cigars, cheroots and cigarillos exports from Nigeria, comprising 77% of total exports. The second position in the ranking was held by Cameroon ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-13.4% per year) and Benin (-31.2% per year).

Export Prices by Country

In 2022, the average cigars and cigarillos export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, showed measured growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 79%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Benin ($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 Togo (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cigars And Cigarillos Imports

Imports into Nigeria

Cigars and cigarillos imports into Nigeria shrank dramatically to X kg in 2022, waning by -40% against the previous year. Overall, imports saw a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 657% against the previous year. 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 dropped sharply to $X in 2022. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 933%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X kg), the United Arab Emirates (X kg) and Turkey (X kg) were the main suppliers of cigars and cigarillos imports to Nigeria.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -33.4%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Nigeria, comprising 70% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6% share of total imports. It was followed by Turkey, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-54.0% per year) and Turkey (-43.4% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 78% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+49.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :