Northern America: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Northern America

The North American market for manufactured tobacco, extracts and essences amounted to $X in 2022, approximately equating the previous year. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Manufactured Tobacco, Extracts And Essences in Northern America

In value terms, manufactured tobacco, extracts and essences production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Manufactured Tobacco, Extracts And Essences

Exports in Northern America

In 2022, shipments abroad of manufactured tobacco, extracts and essences was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences exports fell to $X in 2022. Overall, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) was the main exporter of manufactured tobacco, extracts and essences in Northern America, creating X% of total export.

The United States was also the fastest-growing in terms of the manufactured tobacco, extracts and essences exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest manufactured tobacco, extracts and essences supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Manufactured Tobacco, Extracts And Essences

Imports in Northern America

In 2022, approx. X tons of manufactured tobacco, extracts and essences were imported in Northern America; waning by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, manufactured tobacco, extracts and essences imports dropped remarkably to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), making up a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of manufactured tobacco, extracts and essences. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported manufactured tobacco, extracts and essences in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, manufactured tobacco, extracts and essences imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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