Finland: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Finland

In 2023, after four years of growth, there was decline in the Finnish market for manufactured tobacco, extracts and essences, when its value decreased by X% to $X. Over the period under review, the total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2014 indices. Manufactured tobacco, extracts and essences consumption peaked at $X in 2022, and then shrank modestly in the following year.

Production of Manufactured Tobacco, Extracts And Essences in Finland

In value terms, manufactured tobacco, extracts and essences production reached $X in 2023 estimated in export price. Over the period under review, production saw a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached 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 from Finland

In 2023, overseas shipments of manufactured tobacco, extracts and essences increased by X% to X kg, rising for the second year in a row after four years of decline. Overall, exports, however, showed a sharp contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences exports skyrocketed to $X in 2023. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X kg) was the main destination for manufactured tobacco, extracts and essences exports from Finland, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Switzerland stood at X%.

In value terms, Switzerland ($X) also remains the key foreign market for manufactured tobacco, extracts and essences exports from Finland.

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

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. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Finland

In 2023, supplies from abroad of manufactured tobacco, extracts and essences decreased by X% to X kg for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports surged to $X in 2023. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X kg) constituted the largest supplier of manufactured tobacco, extracts and essences to Finland, with a X% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from India exceeded the figures recorded by the second-largest supplier, Sweden (X kg), twofold. Denmark (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Denmark (X% per year).

In value terms, India ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Denmark (X% per year).

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price enjoyed a resilient expansion. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Denmark ($X per ton) and Estonia ($X per ton), while the price for Sweden ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2023, 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