Export News
22-04-2024
The global tobacco market is projected to reach $10.49 trillion by 2030, with an average annual growth rate of 2.5% (2024-2030). This market development is fueled by the continuous growth in demand from developing countries and the spread of next-generation tobacco products. It is estimated that there are 1.3 billion tobacco product users worldwide, with 80% located in low- and middle-income countries.
Below are the world's top tobacco-exporting countries ranked by the total export value in US dollars under HS code 2401.
1. Brazil
Total tobacco export value in 2022: $2,295,544,069
Tobacco is a major economic pillar in southern Brazil, with over 124,000 tobacco farmers spread across 491 cities in the states of Rio Grande do Sul, Santa Catarina, and Parana. However, the region recently suffered from heavy rainfall and hailstorms, leading to flooding of plant roots and spotting on leaves. In 2022, the majority of Brazil's tobacco exports went to Europe, with Belgium accounting for 26% of the share. The second-largest buyer was China, followed closely by the United States.
2. Zimbabwe
Total tobacco export value in 2022: $926,082,716
Zimbabwe is Africa's largest tobacco-exporting country, aiming to develop the tobacco cultivation industry into a $5 billion industry by 2025. However, this industry has had a devastating impact on the country's environment, with approximately 60,000 hectares of forests destroyed each year due to the lack of arable land for tobacco cultivation. China has become an indispensable part of Zimbabwe's tobacco industry development through cooperation with the China National Tobacco Corporation (CNTC). As a result, most of Zimbabwe's tobacco exports naturally flow to China.
3. United States
Total tobacco export value in 2022: $863,876,697
Despite a significant reduction in tobacco cultivation in the United States since the 1980s, it remains one of the world's largest tobacco-producing countries. North Carolina and Kentucky are the leading states for tobacco cultivation in the US. The United States is also home to Philip Morris International and Altria Group, the two largest tobacco companies globally, making it a logical choice as a major tobacco exporting country.
4. India
Total tobacco export value in 2022: $815,929,770
Tobacco is one of India's major cash crops, with the majority cultivated in states such as Andhra Pradesh, Gujarat, as well as neighboring Karnataka and Maharashtra. Approximately 6 million farmers and 20 million farm workers are involved in tobacco cultivation in this South Asian country, with flue-cured tobacco and white tobaccos being the primary tobacco types exported. The ITC Limited company, headquartered in Kolkata, is the market leader in India's cigarette industry.
5. China
Total tobacco export value in 2022: $560,738,230
China produces over 2 million tons of tobacco annually, with around 20 million farmers engaged in tobacco cultivation, and Yunnan Province being the largest tobacco-producing region. The China National Tobacco Corporation (CNTC) is the world's largest cigarette manufacturer, enjoying a monopoly in tobacco cultivation, production, and sales, estimated to hold 97% of the market share in China. A small portion of CNTC's products is also exported to the international market.
In 2022, China's tobacco imports exceeded $1.35 billion, making it the world's largest tobacco-importing country.
Do you want to see global tobacco export data for 2023? Contact Tendata now to get the top ten global tobacco exporting countries in 2023!
People who know current affairs know that customs data plays a very important role in the import and export industry, such as determining the target market, looking for overseas quality customers, avoiding transaction risks and so on are inseparable from customs data.
The following is a detailed description of these cases:
1. Determine The Target Market
When a company wants to sell its products abroad, accurate target market determination is key. The consequences of spending time and energy on developing a country where there is no need or very little demand for one's products can be serious. At this time, you can query the product through Tendata I-Discovery, analyze the import and export situation of the product in different regions of the world, and visually view the growth trend of import and export, so that you can know which countries in the world need the product the most, and then the target market can be basically determined. (>>Click to Get FREE DEMO)
2. Looking For Global Quality Buyers/Suppliers
Here to introduce you to a use of customs data to find foreign customers skills. Take the United States as an example: now use Tendata I-Discovery, in the query goods description at the same time, in the conditions of origin, enter CHINA, you can be exported to the United States of all the transaction records of the goods extracted. And then based on Tendata I-Discovery analysis report, the procurement volume of large U.S. companies extracted, which is a potential high-quality U.S. buyers.(>>Click to Get FREE DEMO)
3. Formulate Production Plan to Avoid Trade Risks
For a production enterprise, the development of its own production plan is related to the future trend of the enterprise for a period of time, Tendata I-Discovery allows you to see the real transaction records of each enterprise, as well as detailed information about the enterprise, to avoid the risk of being cheated in trade.(>>Click to Get FREE DEMO)
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