Italy: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Italy

The Italian market for manufactured tobacco, extracts and essences skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a perceptible increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Manufactured Tobacco, Extracts And Essences in Italy

In value terms, manufactured tobacco, extracts and essences production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Italy

In 2022, manufactured tobacco, extracts and essences exports from Italy fell remarkably to X tons, reducing by X% against 2021 figures. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, manufactured tobacco, extracts and essences exports declined significantly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Japan (X tons) was the main destination for manufactured tobacco, extracts and essences exports from Italy, accounting for a X% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to Japan exceeded the volume sent to the second major destination, Ukraine (X tons), eightfold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Switzerland (X% per year).

In value terms, Japan ($X) remains the key foreign market for manufactured tobacco, extracts and essences exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

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

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Italy

In 2022, approx. X tons of manufactured tobacco, extracts and essences were imported into Italy; declining by X% against 2021 figures. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, manufactured tobacco, extracts and essences imports dropped markedly to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Romania (X tons), Croatia (X tons) and France (X tons) were the main suppliers of manufactured tobacco, extracts and essences imports to Italy, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Croatia ($X) and the Netherlands ($X) appeared to be the largest manufactured tobacco, extracts and essences suppliers to Italy, with a combined X% share of total imports.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price 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, manufactured tobacco, extracts and essences import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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