Key Market Indicators
The country came in 28th in 2021, Latvia overtaking at 63,100 Kilograms. Myanmar, Nicaragua and Germany respectively ranked numbers 2, 3 and 4 in this ranking. Panama's cigar exports are projected to rise to 51,220 kilograms by 2026, up 1.1% on average year-on-year from 47,880 kilograms in 2021. Since 2000, the country's supply has increased by 1.3% annually. In 2021, Panama was ranked 28th in the world, with Latvia overtaking it at 47,880 kilograms. Myanmar, Nicaragua, and Germany respectively came in second, third, and fourth in the ranking. Meanwhile, imports of cigars in Panama are expected to reach 65,000 kilograms by 2026, with an average year-on-year growth of 0.5% from 63,100 kilograms in 2021. Since 2000, the nation's demand has grown by 0.8% each year. This year, Panama was ranked 28th, with Latvia overtaking it at 63,100 kilograms. Myanmar, Nicaragua, and Germany took second, third, and fourth place, respectively.
