Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait - 2022
Contents:
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait (CIF) - 2022
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait (FOB) - 2022
- Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait
- Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait (CIF) - 2022
In 2022, the average import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses amounted to $18 per thousand units, picking up by 12% against the previous year. In general, the import price, however, saw a noticeable reduction. The import price peaked at $27 per thousand units in 2012; however, from 2013 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 Poland ($23 per thousand units), while the price for Bahrain ($11 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+24.1%), 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 Kuwait (FOB) - 2022
The average export price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at $15.3 per thousand units in December 2022, stabilizing at the previous month. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the average export prices attained the peak figure at $107 per thousand units in February 2022; however, from March 2022 to December 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From February 2022 to December 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per month.
Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait
In 2022, supplies from abroad of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses increased by 55% to 6.5B units for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 skyrocketed to $115M in 2022. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 21.7 | 26.5 | 21.8 | 37.2 | 19.7% |
| Germany | 51.4 | 21.3 | 7.6 | 16.6 | -31.4% |
| Bahrain | 5.6 | 8.0 | 9.0 | 13.5 | 34.1% |
| India | 5.6 | 9.7 | 8.5 | 12.2 | 29.6% |
| Switzerland | 9.5 | 12.2 | 6.6 | 10.1 | 2.1% |
| Portugal | N/A | N/A | N/A | 9.1 | 0% |
| Pakistan | 0.3 | 2.4 | 2.8 | 7.1 | 187.1% |
| Others | 5.2 | 7.0 | 9.7 | 9.0 | 20.1% |
| Total | 99.3 | 87.1 | 66.1 | 115 | 5.0% |
Top Suppliers of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes to Kuwait in 2022:
- Turkey (1970.8M units)
- Bahrain (1279.7M units)
- Germany (878.7M units)
- India (644.3M units)
- Switzerland (533.4M units)
- Portugal (389.4M units)
- Pakistan (377.3M units)
Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait
In 2022, shipments abroad of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses decreased by -26.8% to 21M units, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 91M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses reduced rapidly to $390K in 2022. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 294 | 982 | 311 | 196 | -12.6% |
| United Arab Emirates | 721 | 598 | 230 | 176 | -37.5% |
| Bahrain | 48.3 | 123 | 15.1 | 10.6 | -39.7% |
| Iran | 295 | 75.1 | 3.5 | 2.5 | -79.6% |
| Others | 43.8 | 46.6 | 26.7 | 5.1 | -51.2% |
| Total | 1,402 | 1,824 | 587 | 390 | -34.7% |
Top Export Markets for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes from Kuwait in 2022:
- Netherlands (14.2M units)
- United Arab Emirates (5.5M units)
- Bahrain (0.6M units)
- Iran (0.1M units)
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