Key Market Indicators
Nicaraguan cigar exports are expected to reach 8.9 million kilograms by 2026, up from 7.3 million kilograms in 2021. This would be an average 3.3% increase year-on-year. Since 1998, the supply of Nicaraguan cigars has grown 10.5% year-on-year. In 2021, Nicaragua was ranked third in exports, as Myanmar overtook it with 7.3 million kilograms. Myanmar, Nicaragua and Germany were respectively ranked second, third and fourth in this ranking. Nicaraguan cigar imports are projected to reach 220,870 kilograms by 2026, up from 167,690 kilograms in 2021. This would be a 4.5% year-on-year CAGR. Since 1998, Nicaraguan demand for cigars has grown 22.5% year-on-year.
