France: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in France

In 2021, after two years of growth, there was significant decline in the French market for manufactured tobacco, extracts and essences, when its value decreased by -11% to $X. In general, consumption, however, saw a prominent increase. Manufactured tobacco, extracts and essences consumption peaked at $X in 2020, and then fell in the following year.

Production of Manufactured Tobacco, Extracts And Essences in France

In value terms, manufactured tobacco, extracts and essences production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 9.6% against the previous year. Manufactured tobacco, extracts and essences production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from France

In 2021, shipments abroad of manufactured tobacco, extracts and essences was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 8% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for manufactured tobacco, extracts and essences exports from France, with a 32% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to Belgium exceeded the volume sent to the second major destination, Poland (X tons), threefold. China (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.8% per year) and China (-10.4% per year).

In value terms, Belgium ($X), Poland ($X) and South Korea ($X) were the largest markets for manufactured tobacco, extracts and essences exported from France worldwide, together accounting for 45% of total exports.

South Korea, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, picking up by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into France

In 2021, the amount of manufactured tobacco, extracts and essences imported into France rose rapidly to X tons, surging by 10% compared with the year before. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports rose remarkably to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.8% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of manufactured tobacco, extracts and essences to France, with a 74% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.0% per year) and the Netherlands (+49.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to France, comprising 86% of total imports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.8% per year) and the Netherlands (+58.5% per year).

Import Prices by Country

In 2021, the average import price for manufactured tobacco, extracts and essences amounted to $X per ton, dropping by -2.4% against the previous year. In general, the import price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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