Slovakia: Market for Manufactured Tobacco, Extracts And Essences 2025

Market Size for Manufactured Tobacco, Extracts And Essences in Slovakia

In 2021, the Slovak market for manufactured tobacco, extracts and essences increased by 86% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Slovakia

In 2021, shipments abroad of manufactured tobacco, extracts and essences increased by 8,471% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 78,450% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, manufactured tobacco, extracts and essences exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 10,407,967%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for manufactured tobacco, extracts and essences exports from Slovakia, with a 91% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold.

From 2014 to 2021, the average annual growth rate of volume to Hungary amounted to +9,733.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+2,406.6% per year) and Sweden (0.0% per year).

In value terms, Hungary ($X) remains the key foreign market for manufactured tobacco, extracts and essences exports from Slovakia, comprising 91% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 5.1% share of total exports.

From 2014 to 2021, the average annual growth rate of value to Hungary amounted to +1,443.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+50,279.2% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2021, the average export price for manufactured tobacco, extracts and essences amounted to $X per ton, reducing by -81.3% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 12,573% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+82.0%), while the prices for the other major destinations experienced a decline.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Slovakia

In 2021, supplies from abroad of manufactured tobacco, extracts and essences increased by 93% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 3,264%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, manufactured tobacco, extracts and essences imports soared to $X in 2021. In general, imports showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 2,190%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Romania (X tons) and Italy (X tons) were the main suppliers of manufactured tobacco, extracts and essences imports to Slovakia, with a combined 91% share of total imports. These countries were followed by Hungary and Switzerland, which together accounted for a further 7.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +3,200.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Italy ($X) appeared to be the largest manufactured tobacco, extracts and essences suppliers to Slovakia, together accounting for 94% of total imports. These countries were followed by Switzerland and Hungary, which together accounted for a further 4.7%.

Switzerland, with a CAGR of +13,508.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, growing by 50% against the previous year. Over the period under review, the import price saw a significant increase. The pace of growth appeared the most rapid in 2017 an increase of 277%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+302.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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