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

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Mexico (FOB) - 2023
  2. Exports of Tobacco, (Not Stemmed or Stripped) in Mexico

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

In June 2023, the average export price for tobacco, (not stemmed or stripped)s amounted to $34,716 per ton, approximately equating the previous month. In general, the export price enjoyed a temperate expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 17% m-o-m. The export price peaked in June 2023.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From October 2022 to June 2023, the rate of growth in terms of prices for the Dominican Republic amounted to +6.3% per month.

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

In 2022, approx. 110 tons of tobacco, (not stemmed or stripped)s were exported from Mexico; with a decrease of -65.8% against the previous year's figure. Overall, exports saw a significant decline. The smallest decline of -44% was in 2020.

In value terms, tobacco, (not stemmed or stripped) exports fell to $1.8M in 2022. In general, exports continue to indicate a dramatic downturn.

Export of Tobacco, (Not Stemmed or Stripped) in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic2,8461,9231,0421,239-24.2%
Nicaragua3,7132,505289513-48.3%
Chile13.87.35.2N/A-38.6%
Guatemala873363207N/A-51.3%
United Kingdom21911582.9N/A-38.5%
Others1,201477367N/A-44.7%
Total8,8665,3901,9921,753-41.7%

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

  1. Dominican Republic (72.8 tons)
  2. Nicaragua (37.6 tons)

Source: IndexBox Market Intelligence Platform

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