Price for Tobacco; Partly or Wholly Stemmed or Stripped in Morocco - 2023

Contents:

  1. Price for Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (CIF) - 2022
  2. Price for Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (FOB) - 2022
  3. Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco
  4. Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco

Price for Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (CIF) - 2022

The average import price for tobacco; partly or wholly stemmed or stripped stood at $3,666 per ton in 2022, which is down by -8.3% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $8,101 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($6,107 per ton), while the price for Tanzania ($887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (FOB) - 2022

The average export price for tobacco; partly or wholly stemmed or stripped stood at $2,058 per ton in 2022, leveling off at the previous year. Overall, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 82% against the previous year. As a result, the export price attained the peak level of $6,688 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5,052 per ton), while the average price for exports to Cote d'Ivoire ($1,380 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco

For the third consecutive year, Morocco recorded decline in supplies from abroad of tobacco; partly or wholly stemmed or stripped, which decreased by -7.8% to 3.6K tons in 2022. Overall, imports continue to indicate a abrupt descent.

In value terms, imports of tobacco; partly or wholly stemmed or stripped dropped notably to $13M in 2022. In general, imports showed a abrupt curtailment. The smallest decline of -15.4% was in 2021.

Import of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.51.41.74.3-1.5%
Mozambique0.20.30.31.6100.0%
Malawi1.01.71.51.13.2%
Mexico1.30.80.61.0-8.4%
China0.20.50.11.071.0%
North Macedonia0.40.70.40.826.0%
Lebanon0.10.20.40.791.3%
Thailand0.60.60.10.75.3%
India2.60.70.50.5-42.3%
Tanzania0.10.2N/A0.458.7%
Turkey0.50.40.20.3-15.7%
SpainN/AN/AN/A0.30%
Portugal9.78.27.5N/A-12.1%
Others2.62.72.20.5-42.3%
Total24.018.415.613.2-18.1%

Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Morocco in 2022:

  1. Brazil (1350.6 tons)
  2. Tanzania (435.6 tons)
  3. Mozambique (374.2 tons)
  4. Spain (200.7 tons)
  5. Malawi (198.0 tons)
  6. China (198.0 tons)
  7. North Macedonia (170.3 tons)
  8. Mexico (158.4 tons)
  9. Lebanon (158.4 tons)
  10. Thailand (118.8 tons)
  11. India (103.7 tons)
  12. Turkey (62.4 tons)

Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco

In 2022, overseas shipments of tobacco; partly or wholly stemmed or stripped decreased by -50% to 69 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a precipitous descent.

In value terms, exports of tobacco; partly or wholly stemmed or stripped shrank markedly to $143K in 2022. In general, exports recorded a significant decrease.

Export of Tobacco; Partly or Wholly Stemmed or Stripped in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire188N/A13465.8-29.5%
France213N/A73.159.2-34.7%
Taiwan (Chinese)77.4N/A58.718.0-38.5%
Spain42.9N/AN/AN/A0%
SenegalN/AN/A19.9N/A0%
Poland1,090N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total1,611N/A286143-55.4%

Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Morocco in 2022:

  1. Cote d'Ivoire (47.7 tons)
  2. France (18.2 tons)
  3. Taiwan (Chinese) (3.6 tons)

Source: IndexBox Market Intelligence Platform

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