Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Norway - 2024

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Norway (CIF) - 2024
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Norway (FOB) - 2022
3. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Norway
4. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Norway

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Norway (CIF) - 2024

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $118K per ton in January 2024, picking up by 3.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 28% month-to-month. The import price peaked in January 2024.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Denmark ($223K per ton), while the price for Hungary ($47,153 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Hungary (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $82,767 per ton, rising by 18% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 44%. Over the period under review, the average export prices attained the maximum at $141,819 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($84,699 per ton), while the average price for exports to Denmark amounted to $71,982 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-0.3%).

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

After three years of growth, supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -3.6% to 2.7K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 2.8K tons, and then declined slightly in the following year.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s declined remarkably to $292M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of $362M, and then reduced rapidly in the following year.

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

1. Sweden (2195.0 tons)
2. Hungary (437.7 tons)
3. Denmark (43.6 tons)

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

After three years of growth, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -35% to 3.6 tons in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 334% against the previous year.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s dropped rapidly to $295K in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 351%.

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

1. Sweden (3.0 tons)
2. Denmark (0.5 tons)

Source: IndexBox Market Intelligence Platform