Price for Tobacco, (Not Stemmed or Stripped) in Sri Lanka - 2021
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Sri Lanka (CIF) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in Sri Lanka (FOB) - 2022
- Imports of Tobacco, (Not Stemmed or Stripped) in Sri Lanka
- Exports of Tobacco, (Not Stemmed or Stripped) in Sri Lanka
Price for Tobacco, (Not Stemmed or Stripped) in Sri Lanka (CIF) - 2022
In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $5,355 per ton, increasing by 7% against the previous year. In general, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $8,643 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($44,292 per ton), while the price for Belgium ($2,924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in Sri Lanka (FOB) - 2022
The average export price for tobacco, (not stemmed or stripped)s stood at $4,248 per ton in 2022, with a decrease of -12.3% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2020 an increase of 15% against the previous year. The export price peaked at $11,093 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($7,217 per ton), while the average price for exports to Italy ($402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tobacco, (Not Stemmed or Stripped) in Sri Lanka
In 2022, supplies from abroad of tobacco, (not stemmed or stripped)s was finally on the rise to reach 11K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a mild decline.
In value terms, tobacco, (not stemmed or stripped) imports rose sharply to $61M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period.
| Import of Tobacco, (Not Stemmed or Stripped) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 29.2 | 25.2 | 22.3 | 34.0 | 5.2% |
| Italy | 3.8 | 4.1 | 3.9 | 9.2 | 34.3% |
| United States | 5.1 | 5.1 | 4.5 | 7.6 | 14.2% |
| Belgium | 1.6 | 4.0 | 7.3 | 3.5 | 29.8% |
| Germany | 0.4 | 0.3 | 1.0 | 2.0 | 71.0% |
| France | 0.1 | 0.3 | 1.3 | 1.8 | 162.1% |
| Ecuador | 8.3 | 8.8 | 2.0 | 1.3 | -46.1% |
| Malawi | 1.1 | 1.0 | 0.7 | N/A | -20.2% |
| Peru | 1.0 | 1.2 | 1.3 | N/A | 14.0% |
| Others | 6.9 | 11.0 | 8.7 | 1.2 | -44.2% |
| Total | 57.3 | 61.0 | 52.9 | 60.6 | 1.9% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Sri Lanka in 2022:
- Ecuador (undefinedK tons)
- Indonesia (5.7K tons)
- Italy (2.3K tons)
- Belgium (1.2K tons)
- United States (1.0K tons)
- Germany (0.7K tons)
- France (0.3K tons)
Exports of Tobacco, (Not Stemmed or Stripped) in Sri Lanka
In 2022, the amount of tobacco, (not stemmed or stripped)s exported from Sri Lanka dropped to 6.5K tons, declining by -10% against the previous year's figure. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.
In value terms, tobacco, (not stemmed or stripped) exports declined markedly to $28M in 2022. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of $35M, and then contracted rapidly in the following year.
| Export of Tobacco, (Not Stemmed or Stripped) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 8.3 | 2.4 | 8.6 | 8.7 | 1.6% |
| Belgium | 19.2 | 15.9 | 14.4 | 4.9 | -36.6% |
| Poland | 2.3 | 5.2 | 4.2 | 4.7 | 26.9% |
| Spain | 1.8 | 1.6 | 5.0 | 4.1 | 31.6% |
| Indonesia | 2.1 | 0.4 | 1.5 | 3.8 | 21.9% |
| Germany | N/A | N/A | N/A | 1.4 | 0% |
| Italy | N/A | N/A | N/A | 0.1 | 0% |
| United States | 0.3 | N/A | 0.2 | N/A | -18.4% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.9 | 1.1 | 0.1 | -50.0% |
| Total | 34.9 | 26.5 | 35.1 | 27.7 | -7.4% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Sri Lanka in 2022:
- United States (undefined tons)
- Hungary (1617.5 tons)
- Indonesia (1586.8 tons)
- Poland (1545.6 tons)
- Belgium (695.6 tons)
- Spain (570.8 tons)
- Germany (255.9 tons)
- Italy (177.0 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Sri Lanka.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Sri Lanka.
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
