Canada: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Canada

The Canadian cigars and cigarillos market fell slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cigars And Cigarillos Production in Canada

In value terms, cigars and cigarillos production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Cigars and cigarillos production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports from Canada

In 2022, the amount of cigars, cheroots and cigarillos exported from Canada dropped notably to X tons, with a decrease of X% compared with the year before. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigars and cigarillos exports contracted sharply to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cigars and cigarillos exports from Canada, accounting for a X% share of total exports. Moreover, cigars and cigarillos exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X kg), more than tenfold. Hong Kong SAR (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Hong Kong SAR (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average cigars and cigarillos export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Nicaragua ($X per ton) and Switzerland ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and the United States ($X per ton) were 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cigars And Cigarillos Imports

Imports into Canada

After two years of growth, supplies from abroad of cigars, cheroots and cigarillos decreased by X% to X tons in 2022. In general, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cigars and cigarillos imports declined rapidly to $X in 2022. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest supplier of cigars and cigarillos to Canada, accounting for a X% share of total imports. Moreover, cigars and cigarillos imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Cuba (X tons), threefold. Nicaragua (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Dominican Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (X% per year) and Nicaragua (X% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of cigars, cheroots and cigarillos to Canada, comprising X% of total imports. The second position in the ranking was held by Cuba ($X), with an X% share of total imports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Dominican Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (X% per year) and Nicaragua (X% per year).

Import Prices by Country

In 2022, the average cigars and cigarillos import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and the Netherlands ($X per ton), while the price for the United States ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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