Portugal: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Portugal

In 2022, the Portuguese cigarettes containing tobacco market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cigarettes Containing Tobacco Production in Portugal

In value terms, cigarettes containing tobacco production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2021, and then dropped in the following year.

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Cigarettes Containing Tobacco Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in shipments abroad of cigarettes containing tobacco, when their volume decreased by X% to X units. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, cigarettes containing tobacco exports shrank to $X in 2022. In general, total exports indicated a prominent increase 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Spain (X units), Italy (X units) and France (X units) were the main destinations of cigarettes containing tobacco exports from Portugal, together comprising X% of total exports. Greece and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and France ($X) constituted the largest markets for cigarettes containing tobacco exported from Portugal worldwide, together accounting for X% of total exports. Greece and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cigarettes containing tobacco export price stood at less than $X per thousand units in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of less than $X per thousand units. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy (less than $X per thousand units), while the average price for exports to Greece (less than $X per thousand units) was amongst the lowest.

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

Cigarettes Containing Tobacco Imports

Imports into Portugal

In 2022, approx. X units of cigarettes containing tobacco were imported into Portugal; which is down by X% on the previous year. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports declined to $X in 2022. Over the period under review, total imports indicated buoyant growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest cigarettes containing tobacco supplier to Portugal, with a X% share of total imports. Moreover, cigarettes containing tobacco imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X units), twofold. Greece (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Greece (X% per year).

In value terms, Poland ($X) constituted the largest supplier of cigarettes containing tobacco to Portugal, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average cigarettes containing tobacco import price amounted to less than $X per thousand units, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at less than $X per thousand units in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece (less than $X per thousand units), while the price for the Czech Republic (less than $X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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