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

Price for Tobacco; "Homogenised" or "Reconstituted" in Portugal (CIF) - 2022

In 2022, the average tobacco; "homogenised" or "reconstituted" import price amounted to $2,499 per ton, dropping by -6% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. Over the period under review, average import prices attained the peak figure at $4,412 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($2,899 per ton) and Malaysia ($2,715 per ton), while the price for Belgium ($2,482 per ton) and the Netherlands ($2,685 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average tobacco; "homogenised" or "reconstituted" export price stood at $1,132 per ton in 2022, approximately mirroring the previous year. In general, the export price saw a precipitous descent. The pace of growth was the most pronounced in 2014 an increase of 7.8%. The export price peaked at $17,734 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to +3.1% per year.

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

In 2022, the amount of tobacco; "homogenised" or "reconstituted"s imported into Portugal amounted to 1.7K tons, surging by 14% compared with 2021. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tobacco; "homogenised" or "reconstituted" imports rose notably to $4.2M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tobacco; "Homogenised" or "Reconstituted" in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	0.3	3.8	2.9	3.9	135.1%
Netherlands	N/A	N/A	0.5	0.1	-80.0%
Italy	N/A	N/A	N/A	0.1	0%
Malaysia	3.4	0.1	0.5	0.1	-69.1%
Others	N/A	N/A	N/A	N/A	0%
Total	3.7	3.9	3.9	4.2	4.3%

Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Portugal in 2022:

Belgium (1590.1 tons)
Netherlands (41.5 tons)
Italy (31.8 tons)
Malaysia (26.2 tons)

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

In 2022, approx. 16 tons of tobacco; "homogenised" or "reconstituted"s were exported from Portugal; therefore, remained relatively stable against the previous year. In general, exports continue to indicate a dramatic slump. The smallest decline of -98.1% was in 2020.

In value terms, tobacco; "homogenised" or "reconstituted" exports stood at $18K in 2022. Over the period under review, exports showed a dramatic curtailment. The smallest decline of -98.4% was in 2020.