Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela - 2022
Contents:
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela (CIF) - 2022
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela (FOB) - 2022
- Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela
- Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela (CIF) - 2022
The average import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at $14 per thousand units in 2022, with a decrease of -6% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses increased by +7.1% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 80% against the previous year. As a result, import price attained the peak level of $16 per thousand units. From 2019 to 2022, the average 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 ($20 per thousand units), while the price for Suriname ($6.2 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+18.5%), 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 Venezuela (FOB) - 2022
The average export price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses stood at less than $0.1 per unit in 2022, picking up by 43% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 740%. As a result, the export price attained the peak level of $0.1 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($0.2 per unit), while the average price for exports to Panama totaled less than $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+11.9%), while the prices for the other major destinations experienced a decline.
Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela
In 2022, approx. 1.4B units of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses were imported into Venezuela; with an increase of 58% against the previous year. Overall, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.1% against 2020 indices. Over the period under review, imports of reached the peak figure at 1.8B units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses soared to $20M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.6% against 2020 indices. Over the period under review, imports of reached the peak figure at $24M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 3.8 | 8.7 | 10.6 | 275.6% |
| United Arab Emirates | 2.2 | 3.8 | 2.1 | 2.8 | 8.4% |
| Suriname | N/A | 0.4 | 1.0 | 2.1 | 129.1% |
| India | 0.2 | 0.1 | 0.1 | 1.9 | 111.8% |
| Aruba | 5.4 | 5.9 | 1.0 | 0.8 | -47.1% |
| Turkey | 0.1 | 0.3 | 0.1 | 0.6 | 81.7% |
| Colombia | N/A | N/A | N/A | 0.4 | 0% |
| South Korea | 0.9 | 1.3 | N/A | 0.2 | -39.4% |
| Panama | 8.4 | 7.5 | N/A | N/A | -10.7% |
| Others | 0.6 | 0.5 | 0.2 | 0.2 | -30.7% |
| Total | 17.9 | 23.6 | 13.2 | 19.7 | 3.2% |
Top Suppliers of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes to Venezuela in 2022:
- United States (544.9M units)
- Suriname (333.9M units)
- United Arab Emirates (146.1M units)
- Aruba (134.4M units)
- India (103.0M units)
- Turkey (83.5M units)
- Colombia (49.9M units)
- South Korea (26.5M units)
Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela
In 2022, after two years of decline, there was significant growth in shipments abroad of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses, when their volume increased by 201% to 2.3M units. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses surged to $60K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 17.8 | 16.4 | 9.9 | 52.0 | 43.0% |
| Singapore | N/A | N/A | N/A | 8.0 | 0% |
| Others | N/A | N/A | 4.0 | N/A | 0% |
| Total | 17.8 | 16.4 | 14.0 | 60.0 | 49.9% |
Top Export Markets for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes from Venezuela in 2022:
- Panama (2270.9K units)
- Singapore (42.1K units)
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