Key Market Indicators
Cypriot demand for cigars is forecast to decrease slightly, at an average rate of 0.2% year-on-year, from 187,430 kilograms in 2021 to 185,120 kilograms by 2026. Since 1994, demand for Cypriot cigars has decreased by an average of 1.6% a year. Export of Cypriot cigars is expected to rise, at an average rate of 1% year-on-year, from 176,110 kilograms in 2021 to 186,450 kilograms by 2026. Since 1994, the supply of Cypriot cigars has increased by an average of 1.9% a year. In 2021, the country was ranked 22nd in the world for cigar exports. Sri Lanka overtook, with 176,110 kilograms, while Myanmar, Nicaragua and Germany were ranked 2nd, 3rd and 4th respectively.
