Price for Tobacco, (Not Stemmed or Stripped) in Bangladesh - 2022

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Bangladesh (FOB) - 2022
  2. Price for Tobacco, (Not Stemmed or Stripped) in Bangladesh (CIF) - 2022
  3. Exports of Tobacco, (Not Stemmed or Stripped) in Bangladesh
  4. Imports of Tobacco, (Not Stemmed or Stripped) in Bangladesh

Price for Tobacco, (Not Stemmed or Stripped) in Bangladesh (FOB) - 2022

The average export price for tobacco, (not stemmed or stripped)s stood at $2,712 per ton in 2022, rising by 19% against the previous year. Overall, the export price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, the average export prices reached the maximum at $3,901 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,745 per ton), while the average price for exports to the Czech Republic ($192 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 Pakistan (+181.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Bangladesh (CIF) - 2022

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $2,110 per ton, dropping by -16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 78%. Over the period under review, average import prices attained the peak figure at $3,800 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($4,132 per ton), while the price for India ($435 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+71.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Tobacco, (Not Stemmed or Stripped) in Bangladesh

In 2022, after three years of growth, there was significant decline in overseas shipments of tobacco, (not stemmed or stripped)s, when their volume decreased by -31.1% to 3K tons. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 153%. As a result, the exports reached the peak of 4.4K tons, and then declined notably in the following year.

In value terms, tobacco, (not stemmed or stripped) exports reduced rapidly to $8.2M in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 58%. As a result, the exports reached the peak of $10M, and then contracted markedly in the following year.

Export of Tobacco, (Not Stemmed or Stripped) in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PakistanN/AN/A1,1812,592119.5%
Dominican Republic2709222,1711,56379.6%
Algeria8421,0151,9391,26514.5%
Netherlands2,0601,7041,543546-35.8%
Belgium23052618243223.4%
Philippines11215333133143.5%
Greece395494684317-7.1%
Poland5.5284118281271.1%
Russia12524639321519.8%
United States259236342169-13.3%
Czech Republic43.240.560.130.5-11.0%
Others7577361,081448-16.0%
Total5,1006,35710,0248,19117.1%

Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Bangladesh in 2022:

  1. Pakistan (867.7 tons)
  2. Algeria (596.8 tons)
  3. Dominican Republic (454.1 tons)
  4. Philippines (220.7 tons)
  5. Czech Republic (158.6 tons)
  6. Netherlands (125.7 tons)
  7. Greece (106.0 tons)
  8. Belgium (91.2 tons)
  9. Poland (84.3 tons)
  10. Russia (64.9 tons)
  11. United States (52.7 tons)

Imports of Tobacco, (Not Stemmed or Stripped) in Bangladesh

In 2022, purchases abroad of tobacco, (not stemmed or stripped)s increased by 355% to 147 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic decline.

In value terms, tobacco, (not stemmed or stripped) imports surged to $311K in 2022. Overall, imports, however, faced a sharp decrease.

Import of Tobacco, (Not Stemmed or Stripped) in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11428536.316212.4%
Brazil93.322026.51126.3%
Pakistan0.53.43.421.6250.9%
India48331.42.612.7-70.3%
Netherlands308N/AN/AN/A0%
OthersN/AN/A12.62.3-81.7%
Total99954081.3311-32.2%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Bangladesh in 2022:

  1. United States (78.9 tons)
  2. India (29.3 tons)
  3. Brazil (27.1 tons)
  4. Pakistan (11.7 tons)

Source: IndexBox Market Intelligence Platform

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