Philippines - Cigars, Cheroots And Cigarillos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCigars and Cigarillos Price in the Philippines - 2023
Contents:
- Cigars and Cigarillos Price in the Philippines (FOB) - 2022
- Cigars and Cigarillos Price in the Philippines (CIF) - 2022
- Cigars and Cigarillos Exports in the Philippines
- Cigars and Cigarillos Imports in the Philippines
Cigars and Cigarillos Price in the Philippines (FOB) - 2022
The average cigars and cigarillos export price stood at $14,459 per ton in 2022, rising by 752% against the previous year. Overall, the export price saw a perceptible increase. Over the period under review, the average export prices attained the maximum at $28,503 per ton in 2018; however, from 2019 to 2022, the 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 ($34,025 per ton), while the average price for exports to Taiwan (Chinese) ($13,448 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 the United States (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.
Cigars and Cigarillos Price in the Philippines (CIF) - 2022
In 2022, the average cigars and cigarillos import price amounted to $399,428 per ton, increasing by 28% against the previous year. Over the period under review, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 743% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady 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 Hong Kong SAR ($408,971 per ton), while the price for the United States stood at $144,325 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cigars and Cigarillos Exports in the Philippines
In 2022, approx. 205 tons of cigars, cheroots and cigarillos were exported from the Philippines; with an increase of 64% compared with 2021 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46,782% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cigars and cigarillos exports skyrocketed to $3M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,128%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
Export of Cigars and Cigarillos in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | N/A | N/A | N/A | 1,438 | 0% |
Taiwan (Chinese) | N/A | N/A | N/A | 1,317 | 0% |
Spain | N/A | N/A | N/A | 108 | 0% |
Sri Lanka | 1,071 | N/A | N/A | N/A | 0% |
Vietnam | N/A | N/A | 109 | N/A | 0% |
Others | 8.0 | 6.6 | 102 | 94.5 | 127.7% |
Total | 1,079 | 6.6 | 212 | 2,958 | 40.0% |
Top Export Markets for Cigars and Cigarillos from the Philippines in 2022:
- New Zealand (98.9 tons)
- Taiwan (Chinese) (97.9 tons)
- Spain (3.2 tons)
Cigars and Cigarillos Imports in the Philippines
In 2022, purchases abroad of cigars, cheroots and cigarillos decreased by -41.1% to 320 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 when imports increased by 43%.
In value terms, cigars and cigarillos imports dropped dramatically to $128K in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. As a result, imports attained the peak of $169K, and then fell rapidly in the following year.
Import of Cigars and Cigarillos in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 88.5 | 46.4 | 160 | 125 | 12.2% |
United States | N/A | N/A | 2.6 | 1.3 | -50.0% |
Germany | N/A | 6.6 | N/A | N/A | 0% |
Serbia | 6.9 | N/A | N/A | N/A | 0% |
United Arab Emirates | N/A | 26.4 | N/A | N/A | 0% |
Others | N/A | 6.8 | 6.2 | 1.1 | -59.8% |
Total | 95.4 | 86.2 | 169 | 128 | 10.3% |
Top Suppliers of Cigars and Cigarillos to the Philippines in 2022:
- Hong Kong SAR (307.0 kg)
- United States (9.0 kg)
This report provides an in-depth analysis of the cigars and cigarillos market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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 the Philippines.
This report provides an in-depth analysis of the cigarettes containing tobacco market in the Philippines.
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 the Philippines.
This report provides an in-depth analysis of the cigarettes containing tobacco market in the Philippines.
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.
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