GCC: Cigars And Cigarillos Market 2024

Cigars And Cigarillos Market Size in GCC

In 2023, the GCC cigars and cigarillos market decreased by less than X% to $X, falling for the fourth year in a row after two years of growth. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Cigars And Cigarillos Production in GCC

In value terms, cigars and cigarillos production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Cigars And Cigarillos Exports

Exports in GCC

In 2023, the amount of cigars, cheroots and cigarillos exported in GCC soared to X tons, rising by X% compared with the previous year. Over the period under review, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cigars and cigarillos exports contracted sharply to $X in 2023. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced markedly in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Kuwait (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cigars and cigarillos exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest cigars and cigarillos supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, saw a moderate increase. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Cigars And Cigarillos Imports

Imports in GCC

In 2023, imports of cigars, cheroots and cigarillos in GCC skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cigars and cigarillos imports surged to $X in 2023. In general, imports, however, saw a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was near X% of total imports in 2023. The following importers - Kuwait (X tons), Oman (X tons) and Qatar (X tons) - together made up X% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cigars, cheroots and cigarillos in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price, however, saw a measured expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform