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

Contents:

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

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

The average export price for tobacco, (not stemmed or stripped)s stood at $2,922 per ton in 2022, picking up by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 20% against the previous year. The export price peaked at $3,330 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($3,259 per ton) and Uruguay ($3,067 per ton), while the average price for exports to South Korea ($2,353 per ton) and the United States ($2,628 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $6,171 per ton, surging by 82% against the previous year. Overall, the import price recorded a slight increase. The growth pace was the most rapid in 2017 an increase of 148% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Greece ($8,907 per ton), while the price for North Macedonia ($4,658 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+89.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the third consecutive year, Paraguay recorded decline in overseas shipments of tobacco, (not stemmed or stripped)s, which decreased by -6.8% to 2.9K tons in 2022. In general, exports continue to indicate a perceptible shrinkage. The smallest decline of -0.3% was in 2020.

In value terms, tobacco, (not stemmed or stripped) exports reduced modestly to $8.6M in 2022. Over the period under review, exports saw a deep setback.

Export of Tobacco, (Not Stemmed or Stripped) in Paraguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay6.56.75.04.7-10.2%
Dominican RepublicN/AN/A0.61.3116.7%
Belgium0.70.50.50.6-5.0%
United States1.81.31.30.5-34.8%
Germany0.60.50.60.5-5.9%
South Korea0.20.50.30.314.5%
Netherlands0.20.10.10.20.0%
Others0.40.10.30.3-9.1%
Total10.49.88.98.6-6.1%

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

  1. Uruguay (1547.6 tons)
  2. Dominican Republic (469.3 tons)
  3. Belgium (213.4 tons)
  4. United States (203.7 tons)
  5. Germany (160.5 tons)
  6. South Korea (124.6 tons)
  7. Netherlands (71.6 tons)

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

In 2022, approx. 129 tons of tobacco, (not stemmed or stripped)s were imported into Paraguay; waning by -8.7% on the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports reached the peak of 142 tons, and then fell in the following year.

In value terms, tobacco, (not stemmed or stripped) imports surged to $798K in 2022. Over the period under review, imports, however, recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tobacco, (Not Stemmed or Stripped) in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
North MacedoniaN/A20.4160387335.6%
Greece289N/A79.03809.6%
IndonesiaN/A18.913.229.224.3%
BrazilN/A307N/A0.8-94.9%
ArgentinaN/A1.1187N/A16900.0%
United States5.647.940.3N/A168.3%
Uruguay36.0N/AN/AN/A0%
CanadaN/A40.3N/AN/A0%
Others0.1N/AN/A0.10.0%
Total33143647979834.1%

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

  1. North Macedonia (83.2 tons)
  2. Greece (42.7 tons)
  3. Indonesia (3.3 tons)
  4. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform

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