Price for Tobacco; "Homogenised" or "Reconstituted" in Venezuela - 2022

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

In 2022, the average tobacco; "homogenised" or "reconstituted" export price amounted to $2,953 per ton, dropping by -3.7% against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 a decrease of -3.7%. The export price peaked at $4,307 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,454 per ton), while the average price for exports to Portugal ($1,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.6%), while the prices for the other major destinations experienced a decline.

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

The average tobacco; "homogenised" or "reconstituted" import price stood at $7,197 per ton in 2022, falling by -7.1% against the previous year. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2013 an increase of 61%. As a result, import price attained the peak level of $13,943 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to -1.8% per year.

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

For the third year in a row, Venezuela recorded decline in shipments abroad of tobacco; "homogenised" or "reconstituted"s, which decreased by -7.1% to 345 tons in 2022. Over the period under review, exports saw a abrupt curtailment.

In value terms, tobacco; "homogenised" or "reconstituted" exports dropped to $1M in 2022. Overall, exports showed a deep contraction. The smallest decline of -10.5% was in 2020.

Export of Tobacco; "Homogenised" or "Reconstituted" in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	652	616	580	543	-5.9%
Germany	615	541	473	412	-12.5%
Czech Republic	89.3	68.6	52.4	39.9	-23.6%
Portugal	67.5	48.3	34.4	24.4	-28.8%
Others	N/A	N/A	N/A	N/A	0%
Total	1,424	1,274	1,140	1,020	-10.5%

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

Netherlands (274.5 tons)
Germany (33.1 tons)
Czech Republic (22.9 tons)
Portugal (14.8 tons)

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

In 2022, the amount of tobacco; "homogenised" or "reconstituted"s imported into Venezuela reached 9 tons, picking up by 4% on 2021 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 4% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, tobacco; "homogenised" or "reconstituted" imports shrank slightly to $65K in 2022. In general, imports, however, saw a noticeable downturn. The smallest decline of -3.4% was in 2020.