Western Africa: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in Western Africa

The West African cigars and cigarillos market declined slightly to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Cigars And Cigarillos Production in Western Africa

In value terms, cigars and cigarillos production declined modestly to $X in 2023 estimated in export price. The total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Cigars And Cigarillos Exports

Exports in Western Africa

After three years of decline, shipments abroad of cigars, cheroots and cigarillos increased by X% to X tons in 2023. In general, exports enjoyed a tangible increase. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, cigars and cigarillos exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Senegal (X kg) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%). The following exporters - Burkina Faso (X kg) and Sierra Leone (X kg) - each reached a X% share of total exports.

Nigeria was also the fastest-growing in terms of the cigars, cheroots and cigarillos exports, with a CAGR of X% from 2012 to 2023. Togo experienced a relatively flat trend pattern. Burkina Faso (X%), Senegal (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Togo, Burkina Faso and Senegal saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Senegal ($X), Nigeria ($X) and Sierra Leone ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Cigars And Cigarillos Imports

Imports in Western Africa

In 2023, overseas purchases of cigars, cheroots and cigarillos increased by X% to X tons, rising for the seventh year in a row after four years of decline. Overall, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cigars and cigarillos imports soared to $X in 2023. Over the period under review, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Cote d'Ivoire represented the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Nigeria (X tons), making up a X% share of total imports. Liberia (X tons), Niger (X tons), Ghana (X tons) and Togo (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported cigars, cheroots and cigarillos in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Niger ($X), with an X% share of total imports. It was followed by Togo, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Togo (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform