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

Contents:

1. Price for Tobacco; "Homogenised" or "Reconstituted" in Spain (CIF) - 2023
2. Price for Tobacco; "Homogenised" or "Reconstituted" in Spain (FOB) - 2022
3. Imports of Tobacco; "Homogenised" or "Reconstituted" in Spain
4. Exports of Tobacco; "Homogenised" or "Reconstituted" in Spain

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

The average tobacco; "homogenised" or "reconstituted" import price stood at $15,139 per ton in July 2023, surging by 38% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.6%. The import price peaked at $17,457 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Dominican Republic ($32,849 per ton), while the price for Belgium ($4,013 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average tobacco; "homogenised" or "reconstituted" export price stood at $8,707 per ton in 2022, falling by -29.1% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 125%. Over the period under review, the average export prices reached the maximum at $20,246 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,992 per ton), while the average price for exports to the UK stood at $6,116 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of tobacco; "homogenised" or "reconstituted"s increased by 35% to 245 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced descent.

In value terms, tobacco; "homogenised" or "reconstituted" imports skyrocketed to $3.5M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (143.1 tons)
2. Switzerland (46.9 tons)
3. Belgium (21.3 tons)
4. Germany (19.7 tons)
5. Brazil (8.6 tons)
6. France (0.2 tons)

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

In 2022, the amount of tobacco; "homogenised" or "reconstituted"s exported from Spain fell remarkably to 122 kg, waning by -78.1% against 2021. In general, exports recorded a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 7,857% against the previous year. As a result, the exports reached the peak of 557 kg, and then contracted notably in the following year.

In value terms, tobacco; "homogenised" or "reconstituted" exports reduced rapidly to $1.1K in 2022. Overall, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 8,787% against the previous year. As a result, the exports attained the peak of $6.8K, and then declined sharply in the following year.

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

1. United Kingdom (99.0 kg)
2. Germany (22.0 kg)

Source: IndexBox Market Intelligence Platform