Price for Tobacco; "Homogenised" or "Reconstituted" in Belgium - 2023

Price for Tobacco; "Homogenised" or "Reconstituted" in Belgium (FOB) - 2022

The average tobacco; "homogenised" or "reconstituted" export price stood at $3,369 per ton in 2022, growing by 2.2% against the previous year. In general, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The export price peaked at $4,331 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($3,779 per ton) and Germany ($3,475 per ton), while the average price for exports to Russia ($2,563 per ton) and the Czech Republic ($2,569 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Tobacco; "Homogenised" or "Reconstituted" in Belgium (CIF) - 2023

The average tobacco; "homogenised" or "reconstituted" import price stood at $3,025 per ton in July 2023, which is down by -10.6% against the previous month. In general, import price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tobacco; "homogenised" or "reconstituted" import price decreased by -18.5% against May 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 12% month-to-month. Over the period under review, average import prices hit record highs at $3,714 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($3,920 per ton), while the price for France amounted to $2,759 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+3.1%).

Exports of Tobacco; "Homogenised" or "Reconstituted" in Belgium

In 2022, approx. 22K tons of tobacco; "homogenised" or "reconstituted"s were exported from Belgium; with an increase of 5.4% on 2021 figures. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 10,260%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, tobacco; "homogenised" or "reconstituted" exports rose sharply to $73M in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 7,093% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Tobacco; "Homogenised" or "Reconstituted" in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	N/A	18.3	19.3	19.9	4.3%
Germany	N/A	13.8	13.8	15.9	7.3%
Turkey	N/A	7.4	11.5	12.1	27.9%
Philippines	N/A	N/A	N/A	4.5	0%
Portugal	N/A	4.1	2.8	3.3	-10.3%
Romania	N/A	2.4	2.0	2.1	-6.5%
Russia	N/A	2.7	6.5	1.9	-16.1%
Luxembourg	0.3	2.7	1.6	1.7	78.3%
Serbia	N/A	0.3	0.2	1.6	130.9%
Czech Republic	N/A	4.8	2.3	1.2	-50.0%
Ukraine	N/A	2.0	1.2	0.5	-50.0%
Others	0.5	5.7	6.8	8.5	157.1%
Total	0.9	64.1	68.0	73.2	333.3%

Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from Belgium in 2022:

Poland (6.2K tons)
Germany (4.6K tons)
Turkey (3.8K tons)
Portugal (1.2K tons)
Philippines (1.2K tons)
Russia (0.8K tons)
Romania (0.6K tons)
Luxembourg (0.6K tons)
Czech Republic (0.5K tons)
Serbia (0.5K tons)
Ukraine (0.2K tons)

Imports of Tobacco; "Homogenised" or "Reconstituted" in Belgium

In 2022, approx. 26K tons of tobacco; "homogenised" or "reconstituted"s were imported into Belgium; increasing by 22% against the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,006% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, tobacco; "homogenised" or "reconstituted" imports expanded significantly to $67M in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 763% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.