Panama - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in Panama - 2023
Contents:
- Cigars and Cigarillos Price in Panama (FOB) - 2022
- Cigars and Cigarillos Price in Panama (CIF) - 2022
- Cigars and Cigarillos Exports in Panama
- Cigars and Cigarillos Imports in Panama
Cigars and Cigarillos Price in Panama (FOB) - 2022
In 2022, the average cigars and cigarillos export price amounted to $94,584 per ton, stabilizing at the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. As a result, the export price attained the peak level of $96,096 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belize ($94,613 per ton) and Free Zones ($94,613 per ton), while the average price for exports to Colombia ($94,611 per ton) and Venezuela ($94,612 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 Vietnam (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cigars and Cigarillos Price in Panama (CIF) - 2022
The average cigars and cigarillos import price stood at $23,717 per ton in 2022, picking up by 111% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices hit record highs at $96,001 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 the United States ($79,333 per ton), while the price for Nicaragua ($20,996 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cigars and Cigarillos Exports in Panama
In 2022, overseas shipments of cigars, cheroots and cigarillos decreased by 0% to 105 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 876%. As a result, the exports attained the peak of 211 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cigars and cigarillos exports stood at $10M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 912% against the previous year. As a result, the exports attained the peak of $20M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Cigars and Cigarillos in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 0.4 | 4.7 | N/A | 3.9 | 113.6% |
Venezuela | 0.1 | 3.0 | N/A | 2.5 | 192.4% |
Belize | N/A | 1.8 | N/A | 1.5 | -8.7% |
Free Zones | 0.3 | 1.0 | N/A | 0.9 | 44.2% |
Dominican Republic | 0.1 | 0.7 | N/A | 0.6 | 81.7% |
Haiti | 0.1 | 2.0 | N/A | N/A | 1900.0% |
Aruba | 0.1 | 2.5 | N/A | N/A | 2400.0% |
United States | N/A | 3.0 | N/A | N/A | 0% |
Others | 0.9 | 1.2 | N/A | 0.5 | -17.8% |
Total | 2.0 | 19.9 | N/A | 10.0 | 71.0% |
Top Export Markets for Cigars and Cigarillos from Panama in 2022:
- Colombia (41.7 tons)
- Venezuela (26.5 tons)
- Belize (15.8 tons)
- Free Zones (9.0 tons)
- Dominican Republic (6.6 tons)
Cigars and Cigarillos Imports in Panama
In 2022, supplies from abroad of cigars, cheroots and cigarillos decreased by -94% to 1.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 224%. As a result, imports reached the peak of 49 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cigars and cigarillos imports shrank notably to $25K in 2022. In general, imports continue to indicate a significant contraction. The smallest decline of -36.5% was in 2020.
Import of Cigars and Cigarillos in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 17.4 | 0.3 | 1.7 | 19.4 | 3.7% |
Dominican Republic | 3.6 | N/A | 1.3 | 2.9 | -7.0% |
Free Zones | N/A | 14.0 | 12.6 | 2.1 | -61.3% |
Costa Rica | 125 | 51.4 | N/A | 0.2 | -88.3% |
United States | 302 | 0.7 | 0.9 | 0.2 | -91.3% |
Colombia | 222 | 88.1 | N/A | N/A | -60.3% |
Aruba | 425 | N/A | N/A | N/A | 0% |
Mexico | N/A | 619 | 157 | N/A | -74.6% |
Venezuela | N/A | 8.0 | 9.9 | N/A | 23.8% |
Uruguay | 181 | N/A | N/A | N/A | 0% |
Others | 179 | 143 | 15.0 | 0.4 | -86.9% |
Total | 1,454 | 924 | 199 | 25.2 | -74.1% |
Top Suppliers of Cigars and Cigarillos to Panama in 2022:
- Nicaragua (923.0 kg)
- Dominican Republic (67.0 kg)
- Free Zones (54.0 kg)
- United States (3.0 kg)
- Costa Rica (2.0 kg)
This report provides an in-depth analysis of the cigars and cigarillos market in Panama. 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:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cigars and cigarillos market in Panama.
This report provides an in-depth analysis of the cigarettes containing tobacco market in Panama.
This report provides an in-depth analysis of the global cigars and cigarillos market.
This report provides an in-depth analysis of the global cigarettes containing tobacco market.
This report provides an in-depth analysis of the cigars and cigarillos market in Panama.
This report provides an in-depth analysis of the cigarettes containing tobacco market in Panama.
This report provides an in-depth analysis of the global cigars and cigarillos market.
This report provides an in-depth analysis of the global cigarettes containing tobacco market.
Explore the top import markets for cigars and cigarillos around the world. Find out key statistics and import values for countries like the United States, Germany, Italy, and more.
Explore the top import markets for cigarettes containing tobacco based on data from the IndexBox market intelligence platform.
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