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

Contents:

1. Price for Tobacco, (Not Stemmed or Stripped) in Lithuania (CIF) - 2023
2. Price for Tobacco, (Not Stemmed or Stripped) in Lithuania (FOB) - 2022
3. Imports of Tobacco, (Not Stemmed or Stripped) in Lithuania
4. Exports of Tobacco, (Not Stemmed or Stripped) in Lithuania

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

In September 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $5,828 per ton, surging by 35% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The import price peaked at $6,039 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($7,192 per ton), while the price for India ($2,509 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $5,862 per ton, remaining constant against the previous year. In general, the export price enjoyed modest growth. The most prominent rate of growth was recorded in 2015 an increase of 59% against the previous year. As a result, the export price attained the peak level of $8,595 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($6,082 per ton), while the average price for exports to Estonia ($5,408 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-6.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, tobacco, (not stemmed or stripped) imports into Lithuania skyrocketed to 2.2K tons, growing by 30% compared with 2021. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 rose significantly to $10M in 2022. Overall, imports, however, saw a relatively flat trend pattern.

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

1. Netherlands (626.8 tons)
2. Greece (518.8 tons)
3. Turkey (438.6 tons)
4. North Macedonia (364.7 tons)
5. India (98.3 tons)
6. Italy (75.6 tons)
7. Malawi (46.2 tons)

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

In 2022, approx. 75 tons of tobacco, (not stemmed or stripped)s were exported from Lithuania; almost unchanged from the year before. Over the period under review, exports recorded a deep setback. The smallest decline of 99.9% was in 2021.

In value terms, tobacco, (not stemmed or stripped) exports stood at $439K in 2022. Overall, exports recorded a buoyant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Latvia (52.3 tons)
2. Poland (13.3 tons)
3. Estonia (9.2 tons)

Source: IndexBox Market Intelligence Platform