Cigars - NAFTA
NAFTA- In 2024, the revenue in the Cigars market is estimated to be US$13.5bn.
- It is projected that the market will experience an annual growth rate of 4.17% (CAGR 2024-2029).
- When compared to other countries, United States generates the highest revenue in the Cigars market, amounting to US$13bn in 2024.
- Taking into account the total population, the per person revenue in the Cigars market is expected to be US$30.31 in 2024.
- Looking ahead to 2029, the volume in the Cigars market is predicted to reach 17.3bn pieces.
- Additionally, there is an anticipated volume growth of 1.4% in 2025.0.
- In terms of average volume per person, it is expected to be 36.6pieces in the Cigars market in 2024.
- It is worth noting that these figures and projections are specific to the NAFTA region.
- In Canada, the demand for premium Cuban cigars has been growing steadily among affluent consumers.
Definition:
Cigars are rolled bundles of dried and cured tobacco leaves that vary widely in size and shape, from cigarette-like cigarillos to bulging "Churchills" or "Gordos" which can measure up to 20 centimetres. Relatively low-priced Cigarillos compete in some markets with traditional cigarettes for quick nicotine-rushes while the bigger variants which take longer to smoke are a luxury item that are mostly consumed in a more leisurely way at home or on special occasions. Originating in the Americas, cigar tobacco today is still grown mostly in Central America and the Caribbean, as well as the United States, the Philippines and Indonesia. The global cigar industry is dominated by Imperial Brand's subsidiary Altadis and the Scandinavian Tobacco Group.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, and sales channels. To give a better representation of per capita figures, the population considered is 15 years and above. The price per unit denotes the cost of a single cigar.
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In-Scope
- Cigars such as Davidoff Nicaragua Diadema, Rock Patel Sixty Sixty, etc
- Cigarillos such as Al Capone, Black & Mild, Backwoods, etc
Out-Of-Scope
- Untaxed Cigars and cigarillos which are illegally sold
- (Filter) Cigarettes such as Marlboro Reds, Marlboro Golds, Camel Blues, etc
- Smoking Tobacco such as Marlboro Gold Fine Cut Hand Rolling Tobacco, Gold Leaf Hand Rolling Tobacco, etc
