EU: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in the EU

For the third year in a row, the EU market for manufactured tobacco, extracts and essences recorded growth in sales value, which increased by 17% to $X in 2021. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Manufactured Tobacco, Extracts And Essences in the EU

In value terms, manufactured tobacco, extracts and essences production reached $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Exports of Manufactured Tobacco, Extracts And Essences

Exports in the EU

In 2021, the amount of manufactured tobacco, extracts and essences exported in the European Union surged to X tons, increasing by 27% compared with 2020 figures. In general, exports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2020 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, manufactured tobacco, extracts and essences exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 66% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons), France (X tons), Italy (X tons) and Germany (X tons) represented roughly 74% of total exports in 2021. Belgium (X tons) took a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Greece (5.9%) and Romania (5.6%).

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +159.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest manufactured tobacco, extracts and essences supplier in the European Union, comprising 43% of total exports. The second position in the ranking was held by Romania ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 10% share.

In Italy, manufactured tobacco, extracts and essences exports expanded at an average annual rate of +219.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+87.3% per year) and the Netherlands (+9.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when the export price increased by 73%. The level of export peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+36.4%), while the other leaders experienced more modest paces of growth.

Imports of Manufactured Tobacco, Extracts And Essences

Imports in the EU

In 2021, supplies from abroad of manufactured tobacco, extracts and essences increased by 22% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports posted a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, manufactured tobacco, extracts and essences imports skyrocketed to $X in 2021. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of manufactured tobacco, extracts and essences imports in 2021 were Poland (X tons), Germany (X tons) and Belgium (X tons), together finishing at 64% of total import. It was distantly followed by Romania (X tons) and Portugal (X tons), together committing an 11% share of total imports. The following importers - the Czech Republic (X tons), Greece (X tons), the Netherlands (X tons), Italy (X tons), Lithuania (X tons) and Hungary (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Italy (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manufactured tobacco, extracts and essences importing markets in the European Union were Germany ($X), Poland ($X) and the Czech Republic ($X), with a combined 48% share of total imports. Hungary, Portugal, Lithuania, Belgium, the Netherlands, Romania, Italy and Greece lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Hungary, with a CAGR of +47.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 40% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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