Estonia: Tobacco Market 2024

Tobacco Market Size in Estonia

The Estonian tobacco market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tobacco Production in Estonia

In value terms, tobacco production surged to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Tobacco Exports

Exports from Estonia

In 2022, tobacco exports from Estonia skyrocketed to X tons, with an increase of X% on the previous year. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, tobacco exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for tobacco exports from Estonia, accounting for a X% share of total exports. Moreover, tobacco exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Iceland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Iceland (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for tobacco (smoking tobacco, chewing tobacco, snuff) exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average tobacco export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Estonia

In 2022, after three years of growth, there was significant decline in overseas purchases of tobacco (smoking tobacco, chewing tobacco, snuff), when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell sharply in the following year.

In value terms, tobacco imports shrank markedly to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Hungary (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of tobacco imports to Estonia, together comprising X% of total imports. Poland, Latvia and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco suppliers to Estonia were Denmark ($X), Germany ($X) and Hungary ($X), together comprising X% of total imports. Poland, Latvia and Lithuania lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tobacco import price amounted to $X per ton, leveling off at the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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