Belgium - Manufactured Tobacco, Extracts and Essences - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBelgium: Market for Manufactured Tobacco, Extracts And Essences 2024
Market Size for Manufactured Tobacco, Extracts And Essences in Belgium
The Belgian market for manufactured tobacco, extracts and essences reduced slightly to $X in 2023, waning by X% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.
Production of Manufactured Tobacco, Extracts And Essences in Belgium
In value terms, manufactured tobacco, extracts and essences production declined notably to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt contraction. Manufactured tobacco, extracts and essences production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.
Exports of Manufactured Tobacco, Extracts And Essences
Exports from Belgium
In 2023, approx. X tons of manufactured tobacco, extracts and essences were exported from Belgium; rising by X% compared with 2022 figures. In general, exports enjoyed slight growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.
In value terms, manufactured tobacco, extracts and essences exports skyrocketed to $X in 2023. Overall, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.
Exports by Country
Germany (X tons), Poland (X tons) and Turkey (X tons) were the main destinations of manufactured tobacco, extracts and essences exports from Belgium, with a combined X% share of total exports. Portugal, the Philippines, Romania, Luxembourg, France, the UK and Russia lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Turkey ($X), Germany ($X) and France ($X) constituted the largest markets for manufactured tobacco, extracts and essences exported from Belgium worldwide, with a combined X% share of total exports. Poland, Portugal, the Philippines, Romania, Luxembourg, the UK and Russia lagged somewhat behind, together comprising a further X%.
The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2023, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Manufactured Tobacco, Extracts And Essences
Imports into Belgium
In 2023, overseas purchases of manufactured tobacco, extracts and essences increased by X% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.
In value terms, manufactured tobacco, extracts and essences imports soared to $X in 2023. Over the period under review, imports showed a measured increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the near future.
Imports by Country
In 2023, France (X tons) constituted the largest manufactured tobacco, extracts and essences supplier to Belgium, accounting for a X% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.
From 2012 to 2023, the average annual rate of growth in terms of volume from France stood at X%.
In value terms, France ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from France stood at X%.
Import Prices by Country
The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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