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

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Sweden (FOB) - 2023
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Sweden (CIF) - 2023
3. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Sweden
4. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Sweden

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Sweden (FOB) - 2023

In November 2023, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $123K per ton, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in December 2022 an increase of 11% against the previous month. The export price peaked at $125K per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Germany ($211K per ton), while the average price for exports to Armenia ($30,715 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.6%), 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 Sweden (CIF) - 2023

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $69,744 per ton in November 2023, dropping by -27.4% against the previous month. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in July 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices attained the peak figure at $105K per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($105K per ton), while the price for the United Arab Emirates ($23,293 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -19.4% to 3.2K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 4.2K 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 declined notably to $370M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year.

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

1. Norway (2208.9 tons)
2. Switzerland (338.1 tons)
3. United States (250.0 tons)
4. Denmark (92.3 tons)
5. Iceland (83.6 tons)
6. Armenia (50.5 tons)
7. Germany (38.0 tons)

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

In 2022, purchases abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -64.7% to 198 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 562 tons, and then shrank dramatically in the following year.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank significantly to $25M in 2022. Overall, imports saw a mild decrease. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $61M, and then plummeted in the following year.

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

1. Denmark (141.8 tons)
2. Switzerland (9.2 tons)
3. United Arab Emirates (6.8 tons)
4. Belgium (6.7 tons)
5. Germany (6.1 tons)
6. Philippines (5.7 tons)
7. Estonia (4.7 tons)
8. Poland (4.2 tons)
9. Latvia (3.0 tons)

Source: IndexBox Market Intelligence Platform