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

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

The average import price for tobacco, (not stemmed or stripped)s stood at $5,554 per ton in 2022, shrinking by -4.1% against the previous year. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked at $8,149 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was North Macedonia ($5,803 per ton), while the price for Turkey ($4,574 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (-0.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $5,000 per ton, stabilizing at the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 62%. As a result, the export price attained the peak level of $11,104 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +5.3% per year.

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

In 2022, supplies from abroad of tobacco, (not stemmed or stripped)s decreased by -25.1% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year.

In value terms, tobacco, (not stemmed or stripped) imports declined dramatically to $9.8M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Tobacco, (Not Stemmed or Stripped) in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
North Macedonia	3.6	5.9	6.2	5.7	16.6%
Turkey	2.9	3.5	4.6	3.0	1.1%
Greece	1.2	2.5	2.3	0.6	-20.6%
Belgium	0.5	0.5	0.3	N/A	-22.5%
Netherlands	1.1	0.9	N/A	N/A	-18.2%
Others	0.1	0.2	0.2	0.5	71.0%
Total	9.3	13.6	13.6	9.8	1.8%

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

North Macedonia (990.8 tons)
Turkey (650.8 tons)
Greece (102.7 tons)

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

In 2022, the amount of tobacco, (not stemmed or stripped)s exported from Portugal was estimated at 5 kg, remaining stable against the year before. Over the period under review, exports recorded a sharp contraction. The smallest decline of -46% was in 2020.

In value terms, tobacco, (not stemmed or stripped) exports amounted to $25 in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of -47% was in 2020.