Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador - 2022
Contents:
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (CIF) - 2022
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (FOB) - 2022
- Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador
- Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (CIF) - 2022
The average import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at $12 per thousand units in 2022, which is down by -14.5% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39% against the previous year. The import price peaked at $23 per thousand units in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 ($27 per thousand units), while the price for Brazil totaled $11 per thousand units.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (FOB) - 2022
The average export price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at $23 per thousand units in 2022, flattening at the previous year. Overall, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +35.0% per year.
Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador
In 2022, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses into Ecuador surged to 110M units, rising by 95% compared with the year before. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 112%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses skyrocketed to $1.3M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 650 | 1,156 | 77.8% |
| United States | 21.3 | 136 | 111 | 118 | 76.9% |
| Colombia | 183 | N/A | N/A | N/A | 0% |
| Serbia | 29.7 | N/A | N/A | N/A | 0% |
| Panama | 396 | 315 | N/A | N/A | -20.5% |
| Others | 76.6 | 9.4 | 4.8 | N/A | -75.0% |
| Total | 707 | 460 | 765 | 1,274 | 21.7% |
Top Suppliers of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes to Ecuador in 2022:
- Brazil (105.5M units)
- United States (4.3M units)
Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador
In 2022, the amount of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses exported from Ecuador shrank notably to 9.5M units, waning by -18.9% against 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3.1% against the previous year. Over the period under review, the exports of hit record highs at 17M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses dropped rapidly to $223K in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports attained the peak of $271K, and then contracted notably in the following year.
| Export of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 252 | 1.5 | 1.2 | 223 | -4.0% |
| Peru | N/A | 162 | N/A | N/A | 0% |
| Dominican Republic | N/A | N/A | 270 | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 252 | 164 | 271 | 223 | -4.0% |
Top Export Markets for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes from Ecuador in 2022:
- Brazil (9.5M units)
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