Price for Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait - 2022
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (CIF) - 2022
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (FOB) - 2022
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (CIF) - 2022
The average import price for tobacco; partly or wholly stemmed or stripped stood at $5,208 per ton in 2022, increasing by 4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $5,299 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Oman.
From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.9% per year.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (FOB) - 2022
The average export price for tobacco; partly or wholly stemmed or stripped stood at $4,869 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a sharp contraction. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked at $49,741 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2019 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -58.4% per year.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait
Imports of tobacco; partly or wholly stemmed or stripped into Kuwait skyrocketed to 14 tons in 2022, jumping by 151% against the previous year. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,162% against the previous year. As a result, imports attained the peak of 32 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 soared to $71K in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 962% against the previous year. As a result, imports attained the peak of $140K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.3 | 10.0 | 2.3 | 70.5 | 517.1% |
| United Arab Emirates | 12.8 | 129 | 21.6 | N/A | 29.9% |
| Others | N/A | 0.2 | 3.0 | N/A | 1400.0% |
| Total | 13.1 | 140 | 26.9 | 70.5 | 75.2% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Kuwait in 2022:
- Oman (13.5 tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait
In 2022, shipments abroad of tobacco; partly or wholly stemmed or stripped decreased by 0% to 5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a sharp curtailment. The smallest decline of 99.9% was in 2020.
In value terms, exports of tobacco; partly or wholly stemmed or stripped totaled $24K in 2022. Overall, exports saw a sharp slump. The smallest decline of 99.9% was in 2020.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2,104 | N/A | N/A | 24.5 | -77.3% |
| United Arab Emirates | 461 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,565 | N/A | N/A | 24.5 | -78.8% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Kuwait in 2022:
- Saudi Arabia (5.0 tons)
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