U.S.: Tobacco Market 2024

Tobacco Market Size in the U.S.

After two years of growth, the U.S. tobacco market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Tobacco consumption peaked at $X in 2021, and then reduced in the following year.

Tobacco Production in the U.S.

In value terms, tobacco production declined to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tobacco Exports

Exports from the U.S.

In 2022, overseas shipments of tobacco increased by X% to X tons, rising for the third consecutive year after four years of decline. The total export volume increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tobacco exports rose notably to $X in 2022. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for tobacco exports from the United States, with a X% share of total exports. Moreover, tobacco exports to the Dominican Republic exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Mexico (X% per year).

In value terms, the largest markets for tobacco exported from the United States were Canada ($X), the Dominican Republic ($X) and Mexico ($X), with a combined X% share of total exports. The UK, Venezuela, Germany, the United Arab Emirates, South Korea, Panama, Belize, Cambodia, Aruba and Turkey lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Venezuela, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average tobacco export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into the U.S.

After four years of growth, overseas purchases of tobacco decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, tobacco imports declined to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest tobacco supplier to the United States, with a X% share of total imports. Moreover, tobacco imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), sevenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the Dominican Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X.4% per year) and the United Arab Emirates (X% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of tobacco to the United States, comprising X% of total imports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

From 2013 to 2022, the average annual growth rate of value from the Dominican Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Honduras (X% per year).

Import Prices by Country

The average tobacco import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a sharp setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X,234 per ton), while the price for France ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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