Price for Tobacco, Unmanufactured; Tobacco Refuse in Kuwait - 2021

Price for Tobacco, Unmanufactured; Tobacco Refuse in Kuwait (CIF) - 2022

In 2022, the average tobacco, unmanufactured; tobacco refuse import price amounted to $3,873 per ton, approximately mirroring the previous year. Overall, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $5,299 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($5,733 per ton), while the price for Pakistan ($618 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Kuwait (FOB) - 2022

In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $15,125 per ton, declining by -4.7% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25%. Over the period under review, the average export prices reached the peak figure at $15,873 per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +8.5% per year.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Kuwait

Tobacco, unmanufactured; tobacco refuse imports into Kuwait skyrocketed to 67 tons in 2022, growing by 37% on 2021 figures. In general, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 171% against the previous year. As a result, imports reached the peak of 69 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco, unmanufactured; tobacco refuse imports surged to $259K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 148% against the previous year. As a result, imports reached the peak of $332K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	102	207	87.9	128	7.9%
Oman	27.2	105	43.0	98.0	53.3%
Egypt	4.4	17.7	20.4	29.8	89.2%
Pakistan	0.3	1.6	1.8	2.7	108.0%
Others	0.2	1.2	33.2	0.7	51.8%
Total	134	332	186	259	24.6%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Kuwait in 2022:

Oman (22.4 tons)
United Arab Emirates (22.3 tons)
Egypt (17.8 tons)
Pakistan (4.3 tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Kuwait

In 2022, after three years of growth, there was decline in overseas shipments of tobacco, unmanufactured; tobacco refuses, when their volume decreased by -2.9% to 30 tons. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 6.1% against the previous year.

In value terms, tobacco, unmanufactured; tobacco refuse exports dropped to $461K in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports reached the peak of $498K, and then reduced in the following year.