United Arab Emirates: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in the United Arab Emirates

In 2021, the market for manufactured tobacco, extracts and essences in the United Arab Emirates increased by 1.4% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from the United Arab Emirates

In 2021, exports of manufactured tobacco, extracts and essences from the United Arab Emirates skyrocketed to X tons, with an increase of 131% compared with the year before. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2015 when exports increased by 901%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences exports skyrocketed to $X in 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 325% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for manufactured tobacco, extracts and essences exports from the United Arab Emirates, accounting for a 47% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to China exceeded the volume sent to the second major destination, Oman (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+15.6% per year) and the United States (+7.6% per year).

In value terms, China ($X), the United States ($X) and Indonesia ($X) constituted the largest markets for manufactured tobacco, extracts and essences exported from the United Arab Emirates worldwide, together comprising 73% of total exports.

China, with a CAGR of +70.8%, recorded the highest growth rate of 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, falling by -22.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45%. The export price peaked at $X per ton in 2020, and then declined sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 Bahrain (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into the United Arab Emirates

In 2021, after two years of decline, there was significant growth in overseas purchases of manufactured tobacco, extracts and essences, when their volume increased by 11% to X tons. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.9% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 52% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports rose notably to $X in 2021. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 69% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest manufactured tobacco, extracts and essences supplier to the United Arab Emirates, with a 67% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from India exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold. South Korea (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.8% per year) and South Korea (+221.9% per year).

In value terms, India ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to the United Arab Emirates, comprising 75% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 2.8% share of total imports. It was followed by France, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+56.8% per year) and France (+6.3% per year).

Import Prices by Country

In 2021, the average import price for manufactured tobacco, extracts and essences amounted to $X per ton, growing by 1.7% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manufactured tobacco, extracts and essences import price increased by +65.3% against 2013 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 17%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

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 Sri Lanka ($X per ton), while the price for China ($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 Korea (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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