Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala - 2024

Contents:

  1. Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (CIF) - 2022
  2. Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (FOB) - 2022
  3. Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala
  4. Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala

Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (CIF) - 2022

In 2022, the average import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses amounted to $10 per thousand units, increasing by 17% against the previous year. Overall, the import price, however, showed a perceptible descent. The import price peaked at $15 per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($82 per thousand units), while the price for South Korea ($2.5 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (FOB) - 2022

The average export price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at $18 per thousand units in 2022, shrinking by -27.9% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2013 an increase of 76% against the previous year. The export price peaked at $25 per thousand units in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($70 per thousand units), while the average price for exports to Switzerland ($11 per thousand units) 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 (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala

In 2022, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses into Guatemala soared to 2.7B units, increasing by 28% against 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses surged to $27M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico10.99.310.012.75.2%
Honduras2.72.85.110.858.7%
South Korea0.81.31.92.953.6%
Others1.01.41.10.9-3.5%
Total15.414.718.227.220.9%

Top Suppliers of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes to Guatemala in 2022:

  1. South Korea (1136.7M units)
  2. Mexico (915.0M units)
  3. Honduras (669.3M units)

Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala

Exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses from Guatemala surged to 104M units in 2022, with an increase of 23% on 2021 figures. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses fell to $1.9M in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 130% against the previous year. As a result, the exports reached the peak of $2.1M, and then shrank in the following year.

Export of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras3293608931,11350.1%
United States4811597765031.5%
NetherlandsN/AN/AN/A2090%
SwitzerlandN/AN/AN/A26.90%
Mexico2633846.222.6-55.9%
OthersN/A16.6436N/A2526.5%
Total1,0729192,1121,87520.5%

Top Export Markets for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes from Guatemala in 2022:

  1. Honduras (76.2M units)
  2. United States (20.8M units)
  3. Netherlands (3.0M units)
  4. Switzerland (2.4M units)
  5. Mexico (1.4M units)

Source: IndexBox Market Intelligence Platform

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