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U.S. Tobacco Market. Analysis And Forecast to 2030
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View PricingTobacco Price in the United States - 2023
Contents:
- Tobacco Price in the United States (CIF) - 2023
- Tobacco Price in the United States (FOB) - 2023
- Tobacco Imports in the United States
- Tobacco Exports in the United States
Tobacco Price in the United States (CIF) - 2023
The average tobacco import price stood at $22,831 per ton in August 2023, which is down by -5.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 10% month-to-month. Over the period under review, average import prices reached the peak figure at $24,060 per ton in July 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Nicaragua ($47,363 per ton), while the price for the United Arab Emirates ($9,947 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 Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tobacco Price in the United States (FOB) - 2023
In August 2023, the average tobacco export price amounted to $15,331 per ton, increasing by 9.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 22% month-to-month. As a result, the export price attained the peak level of $18,365 per ton. From February 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Indonesia ($37,446 per ton), while the average price for exports to Guatemala ($3,124 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 the UK (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Tobacco Imports in the United States
In 2022, supplies from abroad of tobacco decreased by -5.3% to 90K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 924%.
In value terms, tobacco imports contracted to $1.8B in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $2B, and then reduced in the following year.
Import of Tobacco in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 770 | 770 | 1,019 | 954 | 7.4% |
Nicaragua | 210 | 239 | 305 | 339 | 17.3% |
Honduras | 83.0 | 98.4 | 124 | 126 | 14.9% |
Mexico | 142 | 95.9 | 114 | 89.2 | -14.4% |
United Arab Emirates | 26.1 | 36.3 | 38.2 | 44.3 | 19.3% |
Turkey | 23.3 | 31.4 | 32.8 | 39.6 | 19.3% |
Indonesia | 16.8 | 18.2 | 23.7 | 24.7 | 13.7% |
Others | 305 | 362 | 301 | 208 | -12.0% |
Total | 1,577 | 1,651 | 1,958 | 1,825 | 5.0% |
Top Suppliers of Tobacco to the United States in 2022:
- Dominican Republic (57.0K tons)
- Nicaragua (7.6K tons)
- United Arab Emirates (4.5K tons)
- Mexico (4.4K tons)
- Honduras (3.1K tons)
- Turkey (2.3K tons)
- Indonesia (2.1K tons)
Tobacco Exports in the United States
Tobacco exports from the United States totaled 21K tons in 2022, increasing by 8.4% against the previous year's figure. The total export volume increased at an average annual rate of +14.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, tobacco exports expanded notably to $356M in 2022. In general, exports, however, faced a precipitous contraction.
Export of Tobacco in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 809 | 134 | 124 | 104 | -49.5% |
Dominican Republic | 77.5 | 81.8 | 94.2 | 93.4 | 6.4% |
Mexico | 14.0 | 12.0 | 10.2 | 12.1 | -4.7% |
United Kingdom | 0.2 | 0.1 | 0.2 | 11.4 | 284.9% |
Venezuela | 0.4 | 3.8 | 8.7 | 10.7 | 199.1% |
Germany | 9.4 | 3.7 | 5.0 | 8.2 | -4.5% |
United Arab Emirates | 11.2 | 7.4 | 1.1 | 7.5 | -12.5% |
South Korea | 13.0 | 10.6 | 6.0 | 6.4 | -21.0% |
Panama | 14.2 | 10.8 | 3.1 | 6.0 | -25.0% |
Belize | 0.6 | 3.7 | 1.1 | 4.4 | 94.3% |
Cambodia | 4.3 | 3.1 | 3.9 | 3.5 | -6.6% |
Aruba | 0.4 | 0.5 | 1.0 | 3.1 | 97.9% |
Turkey | 2.1 | 1.2 | 1.4 | 2.4 | 4.6% |
Others | 91.8 | 81.0 | 63.1 | 82.5 | -3.5% |
Total | 1,048 | 353 | 323 | 356 | -30.2% |
Top Export Markets for Tobacco from the United States in 2022:
- Dominican Republic (7.2K tons)
- Canada (3.5K tons)
- Mexico (1.0K tons)
- United Arab Emirates (0.7K tons)
- Belize (0.6K tons)
- Aruba (0.5K tons)
- Germany (0.5K tons)
- South Korea (0.5K tons)
- Turkey (0.4K tons)
- Panama (0.4K tons)
- Cambodia (0.4K tons)
- United Kingdom (0.4K tons)
- Venezuela (0.3K tons)
This report provides an in-depth analysis of the tobacco market 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:
- NAICS 312230 - Tobacco manufacturing
Companies mentioned:
- Philip Morris USA
- Altria Group
- Philip Morris International
- Itg Brands
- Schweitzer-Mauduit International
- Altadis U.S.A.
- Swedish Match North America
- Liggett Group
- U.S. Smokeless Tobacco Company
- UST LLC
- U.S. Smokeless Tobacco Manufacturing Company
- Scandinavian Tobacco Group Lane
- American Snuff Company
- Vector Group
- Farmers Tobacco Co of Cynthiana
- Commonwealth-Altadis
- Reynolds American
- R. J. Reynolds Tobacco Holdings
- Tobacco Rag Processors
- Consolidated Cigar Holdings
- Universal Leaf Tobacco Company
- North Atlantic Trading Company
- Congar International
- Swedish Match Cigars
- North Atlantic Holding Company
- Top Tobacco L.P.
- Danville Leaf Tobacco Company
- Mafco Consolidated Group
- Vgr Holding
- The Kure Group
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
-
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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