MERCOSUR: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in MERCOSUR

After seven years of decline, the MERCOSUR market for manufactured tobacco, extracts and essences increased by X% to $X in 2023. In general, consumption, however, saw a mild decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Manufactured Tobacco, Extracts And Essences in MERCOSUR

In value terms, manufactured tobacco, extracts and essences production fell to $X in 2023 estimated in export price. Overall, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports in MERCOSUR

In 2023, manufactured tobacco, extracts and essences exports in MERCOSUR declined dramatically to X tons, which is down by X% compared with 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences exports declined dramatically to $X in 2023. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Venezuela (X tons) and Paraguay (X tons), together mixing up a X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. Paraguay (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Paraguay and Venezuela increased by X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Paraguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, stabilizing at the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Imports of Manufactured Tobacco, Extracts And Essences

Imports in MERCOSUR

In 2023, purchases abroad of manufactured tobacco, extracts and essences decreased by X% to X tons, falling for the fifth year in a row after two years of growth. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences imports expanded notably to $X in 2023. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons) and Brazil (X tons) represented the major importers of manufactured tobacco, extracts and essences in 2023, finishing at near X% and X% of total imports, respectively. It was distantly followed by Colombia (X tons), Paraguay (X tons) and Uruguay (X tons), together creating a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest manufactured tobacco, extracts and essences importing markets in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), together comprising X% of total imports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated a notable increase from 2012 to 2023: its price 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, manufactured tobacco, extracts and essences import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform