Price for Tobacco; Partly or Wholly Stemmed or Stripped in Belgium - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (CIF) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (FOB) - 2023
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (CIF) - 2023
The average import price for tobacco; partly or wholly stemmed or stripped stood at $6,534 per ton in October 2023, shrinking by -3.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in February 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs at $8,099 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Tanzania ($7,031 per ton), while the price for Bangladesh ($4,296 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (FOB) - 2023
The average export price for tobacco; partly or wholly stemmed or stripped stood at $21,839 per ton in October 2023, jumping by 227% against the previous month. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($35,160 per ton), while the average price for exports to Iran ($6,955 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium
In 2022, overseas purchases of tobacco; partly or wholly stemmed or stripped decreased by -5.6% to 119K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 805%. As a result, imports attained the peak of 139K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tobacco; partly or wholly stemmed or stripped rose to $669M in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 586% against the previous year. As a result, imports reached the peak of $769M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 19.7 | 102 | 135 | 142 | 93.2% |
| Italy | 8.2 | 88.3 | 72.4 | 87.1 | 119.8% |
| Tanzania | 9.7 | 89.0 | 45.4 | 82.0 | 103.7% |
| Zambia | 3.6 | 15.1 | 45.8 | 54.2 | 146.9% |
| Zimbabwe | 2.5 | 52.6 | 40.2 | 53.6 | 177.8% |
| Bangladesh | 2.7 | 7.7 | 29.2 | 53.3 | 170.3% |
| Mozambique | 3.2 | 48.0 | 49.3 | 29.5 | 109.7% |
| Spain | 2.6 | 29.3 | 21.1 | 29.5 | 124.7% |
| India | 4.8 | 38.3 | 26.6 | 28.2 | 80.4% |
| Brazil | 2.9 | 67.4 | 46.6 | 19.4 | 88.4% |
| Others | 52.1 | 231 | 147 | 90.4 | 20.2% |
| Total | 112 | 769 | 659 | 669 | 81.4% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Belgium in 2022:
- Malawi (27.9K tons)
- Tanzania (14.9K tons)
- Italy (14.4K tons)
- Bangladesh (11.1K tons)
- Zambia (9.5K tons)
- Zimbabwe (8.8K tons)
- India (6.0K tons)
- Mozambique (6.0K tons)
- Spain (5.8K tons)
- Brazil (4.2K tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium
In 2022, shipments abroad of tobacco; partly or wholly stemmed or stripped decreased by -18% to 116K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,881% against the previous year. As a result, the exports attained the peak of 149K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tobacco; partly or wholly stemmed or stripped reduced sharply to $621M in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,351%. As a result, the exports attained the peak of $865M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 246 | 182 | 169 | -17.1% |
| Poland | N/A | 200 | 214 | 148 | -14.0% |
| Russia | 0.1 | 88.1 | 101 | 93.1 | 876.4% |
| Turkey | 0.1 | 42.8 | 38.9 | 43.9 | 660.0% |
| Romania | N/A | 31.1 | 34.2 | 26.6 | -7.5% |
| Luxembourg | 5.4 | 28.3 | 22.8 | 23.9 | 64.2% |
| Philippines | N/A | 17.7 | 26.8 | 14.6 | -9.2% |
| Italy | N/A | 45.5 | 70.1 | 13.6 | -45.3% |
| Others | 19.6 | 167 | 130 | 88.3 | 65.2% |
| Total | 25.1 | 865 | 819 | 621 | 191.4% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Belgium in 2022:
- Germany (32.4K tons)
- Poland (29.1K tons)
- Russia (14.3K tons)
- Turkey (7.7K tons)
- Luxembourg (5.2K tons)
- Romania (4.8K tons)
- Italy (3.0K tons)
- Philippines (2.7K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Belgium.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Belgium.
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