India: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in India

The Indian market for manufactured tobacco, extracts and essences soared to $X in 2021, jumping by 28% against the previous year. Overall, consumption recorded a notable increase. Manufactured tobacco, extracts and essences consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Manufactured Tobacco, Extracts And Essences in India

In value terms, manufactured tobacco, extracts and essences production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of 7.8%. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from India

In 2021, overseas shipments of manufactured tobacco, extracts and essences decreased by -11.8% to X tons, falling for the third year in a row after five years of growth. Overall, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences exports expanded to $X in 2021. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 40%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main destinations of manufactured tobacco, extracts and essences exports from India, with a combined 44% share of total exports. Singapore, Yemen, the United States, Saudi Arabia, South Africa, Sri Lanka, Malaysia, Libya, Nigeria and Djibouti lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +70.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manufactured tobacco, extracts and essences exported from India were Afghanistan ($X), Thailand ($X) and the United States ($X), together accounting for 51% of total exports. Singapore, South Africa, Yemen, Sri Lanka, the United Arab Emirates, Malaysia, Djibouti, Saudi Arabia, Nigeria and Libya lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Djibouti, with a CAGR of +65.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for manufactured tobacco, extracts and essences amounted to $X per ton, surging by 15% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manufactured tobacco, extracts and essences export price increased by +84.5% against 2012 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($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 Afghanistan (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into India

In 2021, the amount of manufactured tobacco, extracts and essences imported into India expanded remarkably to X tons, increasing by 7.1% against the year before. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 67%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X tons) constituted the largest manufactured tobacco, extracts and essences supplier to India, accounting for a 72% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from the Philippines exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines amounted to +76.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+111.3% per year) and France (-4.4% per year).

In value terms, the Philippines ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to India, comprising 68% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total imports. It was followed by France, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines stood at +69.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+124.4% per year) and France (-8.2% per year).

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, increasing by 10% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+64.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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