Key Market Indicators
Nicaragua's tobacco production is projected to hit 7,400 metric tons by 2028, up from 6,600 metric tons in 2023. This reflects an annual growth rate of 1.7%. The country's tobacco supply has seen a consistent increase of 2.7% per year since 1966. In 2023, Nicaragua ranked 46th globally in tobacco production. Paraguay narrowly edged out Nicaragua with an identical output of 6,600 metric tons. Leading the global ranks were India, Brazil, and Zimbabwe, occupying the second, third, and fourth positions, respectively.
