
Venezuela - Cigars, Cheroots and Cigarillos - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVenezuela: Cigars And Cigarillos Market 2025
Cigars And Cigarillos Market Size in Venezuela
The Venezuelan cigars and cigarillos market declined to $X in 2022, waning by -2.9% against the previous year. In general, consumption continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
Cigars And Cigarillos Production in Venezuela
In value terms, cigars and cigarillos production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 7.3%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.
Cigars And Cigarillos Exports
Exports from Venezuela
Cigars and cigarillos exports from Venezuela expanded to X kg in 2022, increasing by 2.9% on the previous year's figure. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 867%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cigars and cigarillos exports contracted to $X in 2022. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 387%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.
Exports by Country
Singapore (X kg), Aruba (X kg) and Spain (X kg) were the main destinations of cigars and cigarillos exports from Venezuela, with a combined 99% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.6%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, Singapore ($X) emerged as the key foreign market for cigars, cheroots and cigarillos exports from Venezuela, comprising 79% of total exports. The second position in the ranking was held by Aruba ($X), with a 15% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-11.2% per year) and Spain (-10.2% per year).
Export Prices by Country
In 2022, the average cigars and cigarillos export price amounted to $X per ton, dropping by -14.8% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of 288%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Aruba ($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 Australia (+416.7%), while the prices for the other major destinations experienced a decline.
Cigars And Cigarillos Imports
Imports into Venezuela
In 2022, after seven years of growth, there was significant decline in overseas purchases of cigars, cheroots and cigarillos, when their volume decreased by -14.7% to X tons. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 58%. 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 shrank to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 64%. Imports peaked at $X in 2021, and then fell in the following year.
Imports by Country
In 2022, Panama (X tons) constituted the largest supplier of cigars and cigarillos to Venezuela, accounting for a 76% share of total imports. Moreover, cigars and cigarillos imports from Panama exceeded the figures recorded by the second-largest supplier, Suriname (X kg), tenfold. The United States (X kg) ranked third in terms of total imports with a 7.2% share.
From 2012 to 2022, the average annual growth rate of volume from Panama was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Suriname (-6.9% per year) and the United States (+19.0% per year).
In value terms, Panama ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Venezuela, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by Suriname, with a 2.9% share.
From 2012 to 2022, the average annual growth rate of value from Panama was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.6% per year) and Suriname (-14.5% per year).
Import Prices by Country
In 2022, the average cigars and cigarillos import price amounted to $X per ton, growing by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2019 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Aruba ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+7.3%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cigars and cigarillos market in Venezuela. 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:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
Recommended reports
This report provides an in-depth analysis of the cigars and cigarillos market in Asia.
This report provides an in-depth analysis of the cigars and cigarillos market in the U.S..
This report provides an in-depth analysis of the cigars and cigarillos market in China.
This report provides an in-depth analysis of the cigars and cigarillos market in the EU.
This report provides an in-depth analysis of the global cigars and cigarillos market.