Latin America and the Caribbean: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Latin America and the Caribbean

The Latin American cigarettes containing tobacco market dropped to $X in 2023, which is down by X% against the previous year. In general, consumption recorded a slight reduction. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Cigarettes Containing Tobacco Production in Latin America and the Caribbean

In value terms, cigarettes containing tobacco production fell slightly to $X in 2023 estimated in export price. Overall, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Cigarettes Containing Tobacco Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of cigarettes containing tobacco decreased by X% to X units in 2023. Over the period under review, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, cigarettes containing tobacco exports shrank to $X in 2023. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Aruba (X units), Brazil (X units) and Belize (X units) was the main exporter of cigarettes containing tobacco in Latin America and the Caribbean, constituting X% of total export. Honduras (X units) took the next position in the ranking, followed by Trinidad and Tobago (X units) and Paraguay (X units). All these countries together held near X% share of total exports. Chile (X units) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cigarettes containing tobacco supplying countries in Latin America and the Caribbean were Aruba ($X), Brazil ($X) and Honduras ($X), with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per thousand units, reducing by X% against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per thousand units in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per thousand units), while Belize ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Cigarettes Containing Tobacco Imports

Imports in Latin America and the Caribbean

In 2023, approx. X units of cigarettes containing tobacco were imported in Latin America and the Caribbean; which is down by X% on the previous year's figure. Total imports indicated a strong increase from 2012 to 2023: its volume 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, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2022, and then shrank in the following year.

In value terms, cigarettes containing tobacco imports reduced to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Belize (X units) was the major importer of cigarettes containing tobacco, constituting X% of total imports. Colombia (X units) held the second position in the ranking, followed by Aruba (X units). All these countries together held near X% share of total imports. Guatemala (X units), Nicaragua (X units), Honduras (X units), Paraguay (X units), Venezuela (X units) and Costa Rica (X units) followed a long way behind the leaders.

Belize was also the fastest-growing in terms of the cigarettes containing tobacco imports, with a CAGR of X% from 2012 to 2023. At the same time, Venezuela (X%), Honduras (X%), Guatemala (X%), Aruba (X%) and Colombia (X%) displayed positive paces of growth. Costa Rica experienced a relatively flat trend pattern. By contrast, Nicaragua (X%) and Paraguay (X%) illustrated a downward trend over the same period. Belize (X p.p.), Aruba (X p.p.), Honduras (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Nicaragua and Paraguay saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X), Aruba ($X) and Belize ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Guatemala, Venezuela, Paraguay, Nicaragua, Costa Rica and Honduras lagged somewhat behind, together accounting for a further X%.

Venezuela, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per thousand units, stabilizing at the previous year. Overall, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per thousand units in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Venezuela ($X per thousand units), while Belize ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform