Report Update Nov 1, 2024

Ecuador - Manufactured Tobacco, Extracts and Essences - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Ecuador

The Ecuadorian market for manufactured tobacco, extracts and essences declined remarkably to $X in 2021, falling by -16.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a sharp descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Ecuador

In 2021, the amount of manufactured tobacco, extracts and essences exported from Ecuador reduced modestly to X kg, approximately mirroring 2020. Over the period under review, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 173%. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences exports amounted to $X in 2021. Overall, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 286% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X kg) was the main destination for manufactured tobacco, extracts and essences exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the Dominican Republic was relatively modest.

In value terms, the Dominican Republic ($X) emerged as the key foreign market for manufactured tobacco, extracts and essences exports from Ecuador.

From 2012 to 2020, the average annual growth rate of value to the Dominican Republic amounted to -21.8%.

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2020, picking up by 41% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2020, the rate of growth in terms of prices for the Netherlands amounted to -86.5% per year.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Ecuador

For the seventh consecutive year, Ecuador recorded decline in purchases abroad of manufactured tobacco, extracts and essences, which decreased by -13.4% to X tons in 2021. Overall, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 17%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences imports plummeted to $X in 2021. In general, imports showed a sharp contraction. The growth pace was the most rapid in 2017 when imports increased by 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the main manufactured tobacco, extracts and essences supplier to Ecuador, accounting for a 97% share of total imports. It was followed by Colombia (X kg), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -32.6%.

In value terms, Brazil ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Ecuador, comprising 94% of total imports. The second position in the ranking was held by Colombia ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to -32.3%.

Import Prices by Country

In 2021, the average import price for manufactured tobacco, extracts and essences amounted to $X per ton, declining by -3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for manufactured tobacco, extracts and essences in the world?

The country with the largest volume of manufactured tobacco, extracts and essences consumption was the United States, comprising approx. 65% of total volume. Moreover, manufactured tobacco, extracts and essences consumption in the United States exceeded the figures recorded by the second-largest consumer, Japan, eightfold. The third position in this ranking was occupied by Poland, with a 4.3% share.

What are the largest producers of manufactured tobacco, extracts and essences in the world?

The United States remains the largest manufactured tobacco, extracts and essences producing country worldwide, comprising approx. 71% of total volume. Moreover, manufactured tobacco, extracts and essences production in the United States exceeded the figures recorded by the second-largest producer, France, more than tenfold. The third position in this ranking was occupied by Italy, with a 2.9% share.

What are the leading suppliers of manufactured tobacco, extracts and essences to Ecuador?

In value terms, Brazil constituted the largest supplier of manufactured tobacco, extracts and essences to Ecuador.

What is the average export price for manufactured tobacco, extracts and essences in Ecuador?

In 2020, the average export price for manufactured tobacco, extracts and essences amounted to $12,749 per ton, waning by -21.8% against the previous year.

What is the average import price for manufactured tobacco, extracts and essences in Ecuador?

In 2020, the average import price for manufactured tobacco, extracts and essences amounted to $3,353 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 12001990 - Manufactured tobacco, extracts and essences, other homogenised or reconstituted tobacco, n.e.c.

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023