South Africa: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in South Africa

In 2023, the South African market for manufactured tobacco, extracts and essences decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Manufactured Tobacco, Extracts And Essences in South Africa

In value terms, manufactured tobacco, extracts and essences production fell modestly to $X in 2023 estimated in export price. Overall, production recorded temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from South Africa

In 2023, shipments abroad of manufactured tobacco, extracts and essences increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a mild contraction. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences exports soared to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for manufactured tobacco, extracts and essences exports from South Africa, accounting for a X% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to Zambia exceeded the volume sent to the second major destination, Malawi (X tons), ninefold. The third position in this ranking was held by Botswana (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (X% per year) and Botswana (X% per year).

In value terms, Zambia ($X) emerged as the key foreign market for manufactured tobacco, extracts and essences exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, saw a mild expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into South Africa

In 2023, the amount of manufactured tobacco, extracts and essences imported into South Africa contracted remarkably to X tons, which is down by X% against 2022. Overall, imports faced a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences imports reduced sharply to $X in 2023. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

India (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of manufactured tobacco, extracts and essences imports to South Africa, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (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. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform