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

Contents:

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

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

The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $49,132 per ton in 2022, falling by -8.8% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 686% against the previous year. As a result, the export price reached the peak level of $116,961 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($64,837 per ton), while the average price for exports to Germany stood at $49,049 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $47,063 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 478%. Over the period under review, average import prices attained the peak figure at $49,223 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Belgium ($47,209 per ton), while the price for the UK totaled $26,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.2%), 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 Luxembourg

In 2022, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -25.5% to 17 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,083,600% against the previous year. As a result, the exports attained the peak of 31 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s contracted rapidly to $822K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 18,167,000% against the previous year.

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

1. Germany (16.6 tons)
2. United Kingdom (0.1 tons)

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

After three years of growth, supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -36.2% to 16 tons in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 95%.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s fell rapidly to $763K in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year.

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

1. Belgium (16.2 tons)

Source: IndexBox Market Intelligence Platform