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

Contents:

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

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

The average import price for tobacco, (not stemmed or stripped)s stood at $4,490 per ton in 2022, with an increase of 212% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 440%. Over the period under review, average import prices attained the peak figure at $5,590 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.5% per year.

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

The average export price for tobacco, (not stemmed or stripped)s stood at $1,724 per ton in 2022, which is down by -13.4% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 29%. The export price peaked at $3,521 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($1,753 per ton), while the average price for exports to Saudi Arabia stood at $839 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 3.7K tons of tobacco, (not stemmed or stripped)s were imported into Pakistan; increasing by 5.8% compared with the previous year. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,632% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tobacco, (not stemmed or stripped) imports surged to $16M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,055% 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.

Import of Tobacco, (Not Stemmed or Stripped) in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/A0.10.116.51184.5%
BulgariaN/A0.51.9N/A280.0%
BangladeshN/AN/A1.2N/A0%
BrazilN/AN/A1.6N/A0%
OthersN/AN/A0.2N/A0%
Total0.10.65.016.5448.5%

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

  1. United Arab Emirates (3.7K tons)

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

In 2022, exports of tobacco, (not stemmed or stripped)s from Pakistan skyrocketed to 2.7K tons, growing by 140% against the previous year's figure. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 217% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tobacco, (not stemmed or stripped) exports surged to $4.6M in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 210% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Export of Tobacco, (Not Stemmed or Stripped) in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bulgaria1226761,1394,556234.3%
Saudi Arabia11.818.917.871.282.1%
Belgium331N/A139N/A-35.2%
Italy170N/A805N/A117.6%
UkraineN/AN/A101N/A0%
Others46.123.225.4N/A-25.8%
Total6817182,2274,62889.4%

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

  1. Bulgaria (2.6K tons)
  2. Saudi Arabia (0.1K tons)

Source: IndexBox Market Intelligence Platform

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