Benelux: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Benelux

The Benelux market for manufactured tobacco, extracts and essences dropped to $X in 2023, with a decrease of X% against the previous year. Overall, consumption continues to indicate a abrupt setback. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Manufactured Tobacco, Extracts And Essences in Benelux

In value terms, manufactured tobacco, extracts and essences production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports in Benelux

In 2023, the amount of manufactured tobacco, extracts and essences exported in Benelux rose notably to X tons, with an increase of X% against the previous year. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, manufactured tobacco, extracts and essences exports soared to $X in 2023. Over the period under review, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the Netherlands (X tons) represented the largest exporter of manufactured tobacco, extracts and essences, making up X% of total exports. It was distantly followed by Belgium (X tons), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, the Netherlands ($X) remains the largest manufactured tobacco, extracts and essences supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands stood at X%.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Imports of Manufactured Tobacco, Extracts And Essences

Imports in Benelux

In 2023, purchases abroad of manufactured tobacco, extracts and essences increased by X% to X tons, rising for the sixth consecutive year after five years of decline. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports soared to $X in 2023. In general, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Belgium prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by the Netherlands (X tons), committing an X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the manufactured tobacco, extracts and essences imports, with a CAGR of X% from 2012 to 2023. Luxembourg experienced a relatively flat trend pattern. the Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported manufactured tobacco, extracts and essences in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform