U.S. - Manufactured Tobacco, Extracts And Essences - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Manufactured Tobacco, Extracts and Essences in the United States - 2023
Contents:
- Price for Manufactured Tobacco, Extracts and Essences in the United States (CIF) - 2023
- Price for Manufactured Tobacco, Extracts and Essences in the United States (FOB) - 2023
- Imports of Manufactured Tobacco, Extracts and Essences in the United States
- Exports of Manufactured Tobacco, Extracts and Essences in the United States
Price for Manufactured Tobacco, Extracts and Essences in the United States (CIF) - 2023
The average import price for manufactured tobacco, extracts and essences stood at $28,184 per ton in August 2023, declining by -12.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 134% month-to-month. As a result, import price reached the peak level of $40,602 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($56,154 per ton), while the price for Brazil ($3,054 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Manufactured Tobacco, Extracts and Essences in the United States (FOB) - 2023
In August 2023, the average export price for manufactured tobacco, extracts and essences amounted to $10,083 per ton, picking up by 15% against the previous month. In general, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in January 2023 when the average export price increased by 47% m-o-m. Over the period under review, the average export prices reached the maximum at $17,713 per ton in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($24,104 per ton), while the average price for exports to Croatia ($3,280 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Manufactured Tobacco, Extracts and Essences in the United States
In 2022, the amount of manufactured tobacco, extracts and essences imported into the United States reduced to 3.1K tons, which is down by -12.7% compared with 2021. In general, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 4.2% against the previous year. As a result, imports reached the peak of 3.6K tons, and then dropped in the following year.
In value terms, manufactured tobacco, extracts and essences imports declined dramatically to $75M in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 8.8% against the previous year. As a result, imports attained the peak of $101M, and then declined sharply in the following year.
Import of Manufactured Tobacco, Extracts and Essences in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 16.7 | 18.7 | 22.4 | 23.6 | 12.2% |
Dominican Republic | 28.2 | 25.3 | 25.4 | 23.5 | -5.9% |
Sweden | 28.2 | 30.0 | 26.2 | 13.4 | -22.0% |
Mexico | 5.4 | 5.6 | 5.4 | 4.8 | -3.9% |
United Arab Emirates | 2.1 | 3.1 | 2.5 | 4.0 | 24.0% |
France | 3.3 | 1.6 | 1.3 | 2.1 | -14.0% |
Indonesia | 2.3 | 5.6 | 9.9 | 0.8 | -29.7% |
Russia | N/A | N/A | 0.3 | 0.2 | -33.3% |
Brazil | 1.6 | 1.5 | 0.7 | 0.1 | -60.3% |
Others | 3.5 | 1.8 | 7.3 | 2.1 | -15.7% |
Total | 91.4 | 93.3 | 101 | 74.7 | -6.5% |
Top Suppliers of Manufactured Tobacco, Extracts and Essences to the United States in 2022:
- France (814.7 tons)
- Dominican Republic (657.1 tons)
- India (645.0 tons)
- Sweden (537.8 tons)
- Mexico (93.4 tons)
- United Arab Emirates (90.1 tons)
- Russia (74.2 tons)
- Indonesia (34.0 tons)
- Brazil (21.2 tons)
Exports of Manufactured Tobacco, Extracts and Essences in the United States
For the third year in a row, the United States recorded decline in overseas shipments of manufactured tobacco, extracts and essences, which decreased by -1.1% to 6.3K tons in 2022. In general, exports continue to indicate a abrupt contraction.
In value terms, manufactured tobacco, extracts and essences exports fell modestly to $76M in 2022. Over the period under review, exports saw a abrupt contraction.
Export of Manufactured Tobacco, Extracts and Essences in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 26.0 | 26.9 | 31.5 | 31.6 | 6.7% |
Canada | 11.3 | 12.7 | 10.8 | 9.7 | -5.0% |
Germany | 8.2 | 2.8 | 4.4 | 7.5 | -2.9% |
South Korea | 11.4 | 8.4 | 5.7 | 6.2 | -18.4% |
Belgium | 1.7 | 1.0 | 0.6 | 2.2 | 9.0% |
Japan | 6.1 | 9.4 | 3.2 | 2.0 | -31.0% |
Mexico | 1.8 | 1.3 | 1.8 | 1.7 | -1.9% |
Turkey | 2.0 | 0.8 | 1.3 | 1.6 | -7.2% |
Spain | 1.5 | 1.2 | 1.4 | 1.5 | 0.0% |
Nigeria | N/A | 0.5 | 0.2 | 0.9 | 34.2% |
Indonesia | 0.3 | 1.8 | 0.1 | 0.8 | 38.7% |
Pakistan | 0.8 | 1.3 | 4.3 | 0.6 | -9.1% |
Jordan | 0.5 | 0.5 | 0.4 | 0.5 | 0.0% |
Others | 19.6 | 20.2 | 10.9 | 9.2 | -22.3% |
Total | 91.2 | 89.0 | 76.7 | 76.0 | -5.9% |
Top Export Markets for Manufactured Tobacco, Extracts and Essences from the United States in 2022:
- Dominican Republic (1897.1 tons)
- Canada (701.4 tons)
- South Korea (498.7 tons)
- Germany (430.5 tons)
- Turkey (399.4 tons)
- Belgium (294.0 tons)
- Nigeria (233.9 tons)
- Pakistan (163.3 tons)
- Jordan (151.4 tons)
- Japan (146.8 tons)
- Indonesia (121.2 tons)
- Spain (114.5 tons)
- Mexico (114.3 tons)
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 12001990 - Manufactured tobacco, extracts and essences, other homogenised or reconstituted tobacco, n.e.c.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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