Scandinavia: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Scandinavia

The Scandinavia market for manufactured tobacco, extracts and essences stood at $X in 2023, leveling off at the previous year. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Manufactured Tobacco, Extracts And Essences in Scandinavia

In value terms, manufactured tobacco, extracts and essences production totaled $X in 2023 estimated in export price. The total production indicated resilient 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports in Scandinavia

In 2023, after two years of decline, there was growth in shipments abroad of manufactured tobacco, extracts and essences, when their volume increased by X% to X tons. Total exports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences exports rose to $X in 2023. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of manufactured tobacco, extracts and essences, namely Sweden, represented more than two-thirds of total export.

Sweden was also the fastest-growing in terms of the manufactured tobacco, extracts and essences exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest manufactured tobacco, extracts and essences supplier in Scandinavia.

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

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

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

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

Imports of Manufactured Tobacco, Extracts And Essences

Imports in Scandinavia

Manufactured tobacco, extracts and essences imports expanded notably to X tons in 2023, growing by X% compared with the previous year's figure. Total imports indicated a resilient increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, manufactured tobacco, extracts and essences imports declined modestly to $X in 2023. Over the period under review, imports continue to indicate tangible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway was the largest importer of manufactured tobacco, extracts and essences in Scandinavia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Sweden (X tons), achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to manufactured tobacco, extracts and essences imports into Norway stood at X%. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Sweden increased by X percentage points.

In value terms, Norway ($X) constitutes the largest market for imported manufactured tobacco, extracts and essences in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Norway amounted to X%.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 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 2022 to 2023, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Source: IndexBox Platform