Price for Tobacco; "Homogenised" or "Reconstituted" in Nigeria - 2022
Contents:
- Price for Tobacco; "Homogenised" or "Reconstituted" in Nigeria (CIF) - 2022
- Imports of Tobacco; "Homogenised" or "Reconstituted" in Nigeria
Price for Tobacco; "Homogenised" or "Reconstituted" in Nigeria (CIF) - 2022
The average tobacco; "homogenised" or "reconstituted" import price stood at $3,222 per ton in 2022, with a decrease of -6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. As a result, import price attained the peak level of $4,008 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,645 per ton), while the price for France stood at $2,707 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+113.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tobacco; "Homogenised" or "Reconstituted" in Nigeria
In 2022, the amount of tobacco; "homogenised" or "reconstituted"s imported into Nigeria soared to 109 tons, with an increase of 106% compared with the year before. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 201% against the previous year. As a result, imports attained the peak of 130 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tobacco; "homogenised" or "reconstituted" imports soared to $351K in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 290% against the previous year. As a result, imports attained the peak of $520K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tobacco; "Homogenised" or "Reconstituted" in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.3 | 427 | 109 | 216 | 110.1% |
| France | 107 | 91.5 | 69.3 | 132 | 7.2% |
| Others | 2.7 | 2.3 | 3.3 | 3.2 | 5.8% |
| Total | 133 | 520 | 182 | 351 | 38.2% |
Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Nigeria in 2022:
- United States (59.3 tons)
- France (48.7 tons)
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