Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Belgium - 2023

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium (FOB) - 2022
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium (CIF) - 2022
3. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium
4. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium (FOB) - 2022

The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $73,814 per ton in 2022, picking up by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 14%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($124,520 per ton), while the average price for exports to Spain ($57,549 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 Spain (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium (CIF) - 2022

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $13,055 per ton in 2022, with a decrease of -10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 118%. Over the period under review, average import prices attained the maximum at $34,419 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($47,695 per ton), while the price for Serbia ($872 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+88.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium

In 2022, overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -14.7% to 587 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. As a result, the exports reached the peak of 699 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s fell to $43M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year.

Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Belgium in 2022:

1. France (272.4 tons)
2. Spain (169.2 tons)
3. Switzerland (41.4 tons)
4. Italy (40.2 tons)
5. Luxembourg (13.3 tons)
6. Germany (11.5 tons)
7. Netherlands (9.8 tons)

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Belgium

In 2022, approx. 598 tons of tobacco; other than "homogenised" or "reconstituted" or "smoking"s were imported into Belgium; increasing by 13% against the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 133%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $7.8M in 2022. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year.

Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Belgium in 2022:

1. Pakistan (232.5 tons)
2. Brazil (159.2 tons)
3. Netherlands (134.9 tons)
4. Bahrain (43.6 tons)
5. Serbia (9.4 tons)
6. Bosnia and Herzegovina (5.6 tons)

Source: IndexBox Market Intelligence Platform