Price for Tobacco, (Not Stemmed or Stripped) in Brazil - 2023

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Brazil (FOB) - 2023
  2. Price for Tobacco, (Not Stemmed or Stripped) in Brazil (CIF) - 2023
  3. Exports of Tobacco, (Not Stemmed or Stripped) in Brazil
  4. Imports of Tobacco, (Not Stemmed or Stripped) in Brazil

Price for Tobacco, (Not Stemmed or Stripped) in Brazil (FOB) - 2023

In July 2023, the average export price for tobacco, (not stemmed or stripped)s amounted to $12,223 per ton, falling by -5.3% against the previous month. Over the period under review, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in November 2022 an increase of 82% month-to-month. The export price peaked at $20,472 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Indonesia ($29,615 per ton), while the average price for exports to Belgium ($6,057 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Brazil (CIF) - 2023

In July 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $2,058 per ton, falling by -36.6% against the previous month. Overall, the import price showed a abrupt descent. The pace of growth appeared the most rapid in December 2022 an increase of 91% m-o-m. The import price peaked at $6,902 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($8,767 per ton), while the price for Argentina stood at $1,445 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, shipments abroad of tobacco, (not stemmed or stripped)s decreased by -9.8% to 3.5K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 4.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tobacco, (not stemmed or stripped) exports surged to $35M in 2022. In general, exports recorded a slight decline.

Export of Tobacco, (Not Stemmed or Stripped) in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia9.013.79.57.8-4.7%
Dominican Republic3.62.92.26.119.2%
Germany4.44.94.34.61.5%
Belgium5.95.54.74.5-8.6%
Netherlands6.04.13.84.2-11.2%
Denmark0.50.60.51.337.5%
United States0.71.01.41.322.9%
South Africa0.31.4N/A0.838.7%
United Arab Emirates2.81.3N/AN/A-53.6%
Others3.13.43.14.08.9%
Total36.438.729.534.5-1.8%

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

  1. Belgium (872.8 tons)
  2. Netherlands (591.6 tons)
  3. Dominican Republic (325.4 tons)
  4. South Africa (316.8 tons)
  5. Indonesia (269.4 tons)
  6. United States (241.4 tons)
  7. Germany (233.5 tons)
  8. Denmark (217.8 tons)

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

In 2022, tobacco, (not stemmed or stripped) imports into Brazil skyrocketed to 6.6K tons, jumping by 52% on 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, (not stemmed or stripped) imports soared to $21M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tobacco, (Not Stemmed or Stripped) in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina2.72.62.77.138.0%
Turkey9.27.86.16.8-9.6%
North Macedonia1.50.43.55.655.1%
Greece1.10.91.61.510.9%
Others0.50.10.10.4-7.2%
Total14.911.714.121.513.0%

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

  1. Argentina (4.6K tons)
  2. Turkey (0.9K tons)
  3. North Macedonia (0.6K tons)
  4. Greece (0.4K tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Tobacco, (not stemmed or stripped) - Brazil