Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Panama - 2023
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (FOB) - 2022
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (CIF) - 2022
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (FOB) - 2022
The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $8,241 per ton in 2022, waning by -48% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 288% against the previous year. As a result, the export price reached the peak level of $48,051 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +19.8% per year.
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (CIF) - 2022
The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $45,337 per ton in 2022, surging by 26% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2016 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the peak figure at $60,549 per ton in 2020; however, from 2021 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 the Dominican Republic ($111,651 per ton), while the price for the United Arab Emirates ($9,727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+19.7%), 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 Panama
In 2022, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -33% to 1.5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 142% against the previous year. As a result, the exports reached the peak of 4.5 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s contracted dramatically to $12K in 2022. Overall, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, the exports reached the peak of $59K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 12.4 | 0% |
| Dominican Republic | 2.8 | 24.9 | 20.6 | N/A | 171.2% |
| Switzerland | 3.1 | N/A | N/A | N/A | 0% |
| United States | 2.6 | 13.3 | 8.7 | N/A | 82.9% |
| Others | 35.2 | 20.7 | 6.3 | N/A | -57.7% |
| Total | 43.8 | 58.9 | 35.6 | 12.4 | -34.3% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Panama in 2022:
- Brazil (1.5 tons)
Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama
In 2022, supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s was finally on the rise to reach 1.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a precipitous contraction.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s surged to $64K in 2022. In general, imports, however, showed a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $548K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 133 | 1.5 | 28.8 | 35.2 | -35.8% |
| United States | 16.1 | 18.4 | 8.3 | 12.0 | -9.3% |
| United Arab Emirates | 45.5 | 40.9 | 7.0 | 7.2 | -45.9% |
| Brazil | 2.4 | 2.9 | 0.5 | 1.7 | -10.9% |
| Germany | 32.1 | 23.4 | 2.2 | 0.5 | -75.0% |
| Venezuela | N/A | 13.8 | N/A | N/A | 0% |
| Netherlands | 136 | 444 | N/A | N/A | 226.5% |
| Others | 6.5 | 3.1 | 3.3 | 7.6 | 5.3% |
| Total | 371 | 548 | 50.1 | 64.2 | -44.3% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Panama in 2022:
- United Arab Emirates (737.0 kg)
- Dominican Republic (315.0 kg)
- United States (304.0 kg)
- Brazil (27.0 kg)
- Germany (5.0 kg)
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