Tobacco Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Tobacco Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the tobacco market in the U.S. amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2015, when the market value increased by X% y-o-y. Over the period under review, the tobacco market reached its maximum level in 2018, and is expected to retain its growth in the near future.

Tobacco Production in the USA

In value terms, tobacco production stood at $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2015, when the the output figure increased by X% year-to-year. Tobacco production peaked in 2018, and is likely to continue its growth in the immediate term.

Tobacco Exports

Exports from the USA

In 2018, the amount of tobacco exported from the U.S. stood at X tons, surging by X% against the previous year. Overall, tobacco exports continue to indicate a deep deduction.

In value terms, tobacco exports stood at $X (IndexBox estimates) in 2018.

Exports by Country

Russia (X tons) was the main destination for tobacco exports from the U.S., accounting for a X% share of total exports. Moreover, tobacco exports to Russia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was occupied by Brazil (X tons), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Russia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Brazil (+X% per year).

In value terms, Russia ($X) emerged as the key foreign market for tobacco exports from the U.S., comprising X% of total tobacco exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

Export Prices by Country

In 2018, the average tobacco export price amounted to $X per kg, increasing by X% against the previous year. Over the last five years, it increased at an average annual rate of +X%.

Export prices varied noticeably by the country of origin; the country with the highest export price was Mexico ($X per kg), while the average price for exports to the Netherlands ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Uruguay (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into the USA

Tobacco imports into the U.S. stood at X tons in 2018, jumping by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, tobacco imports totaled $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked in 2018, and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the Dominican Republic (X tons) constituted the largest tobacco supplier to the U.S., 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), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from the Dominican Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+X% per year) and the United Arab Emirates (+X% per year).

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

Import Prices by Country

The average tobacco import price stood at $X per kg in 2018, standing approx. at the previous year. In general, the tobacco import price continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of origin; the country with the highest import price was Nicaragua ($X per kg), while the price for the United Arab Emirates ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

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

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Source: IndexBox Market Intelligence Platform