Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Latvia - 2023
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia (FOB) - 2022
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia (CIF) - 2022
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia (FOB) - 2022
In 2022, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $104,171 per ton, surging by 58% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 93% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
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 the Czech Republic ($161,103 per ton), while the average price for exports to Estonia ($37,220 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+38.3%), 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 Latvia (CIF) - 2022
In 2022, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $95,261 per ton, rising by 58% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 140%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual 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 Estonia ($143,717 per ton), while the price for Sweden ($68,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+59.2%), 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 Latvia
For the third consecutive year, Latvia recorded decline in overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which decreased by -90.2% to 15 tons in 2022. Over the period under review, exports faced a sharp shrinkage. The smallest decline of -24% was in 2020.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank remarkably to $1.5M in 2022. Overall, exports faced a sharp curtailment. The smallest decline of -19.5% was in 2020.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.1 | 4.0 | 1.7 | 0.6 | -47.3% |
| Poland | N/A | N/A | 1.2 | 0.3 | -75.0% |
| Georgia | N/A | N/A | N/A | 0.1 | 0% |
| Czech Republic | 3.3 | N/A | N/A | 0.1 | -68.8% |
| Estonia | 0.4 | 2.2 | 2.4 | 0.1 | -37.0% |
| Lithuania | 43.5 | 33.6 | 1.9 | 0.1 | -86.8% |
| Russia | N/A | 0.3 | 0.2 | 0.1 | -42.3% |
| Others | 1.1 | 2.1 | 2.5 | 0.1 | -55.0% |
| Total | 52.4 | 42.2 | 9.9 | 1.5 | -69.4% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Latvia in 2022:
- Germany (5.7 tons)
- Estonia (3.0 tons)
- Poland (2.1 tons)
- Lithuania (1.1 tons)
- Russia (1.1 tons)
- Georgia (0.8 tons)
- Czech Republic (0.5 tons)
Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia
For the third year in a row, Latvia recorded decline in supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which decreased by -95.8% to 11 tons in 2022. Over the period under review, imports saw a precipitous setback. The smallest decline of -10.3% was in 2020.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank markedly to $1.1M in 2022. Overall, imports continue to indicate a sharp decline. The smallest decline of -8.9% was in 2020.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Germany | N/A | 0.4 | 0.4 | 0.3 | -13.4% |
| Estonia | 0.5 | 3.1 | 0.8 | 0.2 | -26.3% |
| Sweden | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Czech Republic | N/A | 3.2 | N/A | N/A | 0% |
| Italy | N/A | 2.2 | 1.1 | N/A | -50.0% |
| Netherlands | 6.3 | 11.6 | N/A | N/A | 84.1% |
| Romania | 46.4 | 28.0 | 13.7 | N/A | -45.7% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 53.5 | 48.7 | 16.3 | 1.1 | -72.6% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Latvia in 2022:
- Denmark (6.1 tons)
- Germany (2.8 tons)
- Sweden (1.3 tons)
- Estonia (1.2 tons)
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