Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in the United States - 2023

Contents:

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

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in the United States (CIF) - 2023

In December 2023, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $27,627 per ton, shrinking by -11.2% against the previous month. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in June 2023 an increase of 37% against the previous month. The import price peaked at $34,039 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United Arab Emirates ($41,375 per ton), while the price for Afghanistan ($8,488 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $9,640 per ton in December 2023, reducing by -33.3% against the previous month. In general, export price indicated a slight expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -33.6% against October 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 67% month-to-month. The export price peaked at $14,882 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Canada ($16,116 per ton), while the average price for exports to the Netherlands ($4,862 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in the United States

After three years of growth, purchases abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -8% to 1.6K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +42.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s contracted rapidly to $46M in 2022. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of $62M, and then shrank remarkably in the following year.

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

1. India (648.9 tons)
2. Sweden (534.9 tons)
3. Dominican Republic (113.6 tons)
4. United Arab Emirates (90.8 tons)
5. Russia (57.4 tons)
6. Germany (47.0 tons)
7. Turkey (34.3 tons)
8. Romania (28.0 tons)
9. Jordan (2.9 tons)

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in the United States

In 2022, approx. 1.3K tons of tobacco; other than "homogenised" or "reconstituted" or "smoking"s were exported from the United States; declining by -16.2% on the year before. In general, exports recorded a abrupt downturn.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s reduced markedly to $16M in 2022. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 0.8%. As a result, the exports attained the peak of $26M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Canada (613.6 tons)
2. Dominican Republic (148.5 tons)
3. Indonesia (92.9 tons)
4. Uruguay (80.3 tons)
5. Thailand (66.5 tons)
6. Paraguay (44.6 tons)
7. China (42.2 tons)
8. Malaysia (36.2 tons)
9. Vietnam (31.7 tons)
10. Latvia (23.9 tons)
11. Burkina Faso (22.2 tons)

Source: IndexBox Market Intelligence Platform