Cigarettes Containing Tobacco Market Overview in Italy
Market Overview
The Italian cigarettes containing tobacco market shrank modestly to $
in 2019, dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a pronounced decrease. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.
In value terms, cigarettes containing tobacco production declined modestly to $ in 2019 estimated in export prices. Over the period under review, production recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume decreased by -% against the previous year. Cigarettes containing tobacco production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
in 2019, dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a pronounced decrease. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.In value terms, cigarettes containing tobacco production declined modestly to $
in 2019 estimated in export prices. Over the period under review, production recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume decreased by -% against the previous year. Cigarettes containing tobacco production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.Consumption
In 2019, approx. tonnes of cigarettes containing tobacco were consumed in Italy; remaining constant against 2018. Over the period under review, consumption saw a deep setback. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. From 2012 to 2019, the growth of the consumption failed to regain the momentum.
The revenue of the cigarettes containing tobacco market in Italy contracted slightly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.
tonnes of cigarettes containing tobacco were consumed in Italy; remaining constant against 2018. Over the period under review, consumption saw a deep setback. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. From 2012 to 2019, the growth of the consumption failed to regain the momentum.The revenue of the cigarettes containing tobacco market in Italy contracted slightly to $
in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for cigarettes containing tobacco in Italy, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Cigarettes containing tobacco market in Italy consists almost entirely of imported products. In recent years, import prices have increased sharply. Despite the hike in prices, Italy relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Italy remains a net importer of cigarettes containing tobacco; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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