Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (CIF) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (FOB) - 2022
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (CIF) - 2023
The average import price for tobacco; partly or wholly stemmed or stripped stood at $6,815 per ton in March 2023, shrinking by -7.3% against the previous month. Over the period under review, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in October 2022 an increase of 29% against the previous month. Over the period under review, average import prices hit record highs at $9,749 per ton in May 2022; however, from June 2022 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($37,124 per ton), while the price for Nicaragua ($2,202 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (FOB) - 2022
The average export price for tobacco; partly or wholly stemmed or stripped stood at $39,699 per ton in 2022, jumping by 31% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($72,931 per ton), while the average price for exports to Belgium ($3,143 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 (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic
Imports of tobacco; partly or wholly stemmed or stripped into the Dominican Republic soared to 22K tons in 2022, with an increase of 52% compared with the year before. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 156% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tobacco; partly or wholly stemmed or stripped expanded significantly to $172M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.5 | 41.5 | 69.6 | 46.8 | 9.6% |
| Philippines | 20.9 | 23.6 | 24.7 | 43.1 | 27.3% |
| Ecuador | 13.5 | 16.6 | 27.8 | 23.0 | 19.4% |
| Indonesia | 9.7 | 5.6 | 9.7 | 21.4 | 30.2% |
| India | 1.2 | 0.8 | 2.8 | 6.8 | 78.3% |
| Malawi | N/A | 1.1 | 2.2 | 6.1 | 135.5% |
| Nicaragua | 4.6 | 1.2 | 3.9 | 5.4 | 5.5% |
| Bangladesh | N/A | 0.1 | 1.0 | 4.9 | 600.0% |
| Honduras | 3.7 | 1.6 | 6.2 | 2.9 | -7.8% |
| Others | 6.7 | 3.7 | 4.6 | 11.8 | 20.8% |
| Total | 96.0 | 95.7 | 153 | 172 | 21.5% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to the Dominican Republic in 2022:
- Indonesia (5.1K tons)
- Philippines (3.9K tons)
- United States (3.6K tons)
- India (2.4K tons)
- Bangladesh (1.4K tons)
- Malawi (1.2K tons)
- Ecuador (1.0K tons)
- Nicaragua (0.6K tons)
- Honduras (0.3K tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic
In 2022, approx. 1.1K tons of tobacco; partly or wholly stemmed or stripped were exported from the Dominican Republic; with a decrease of -51.1% on 2021 figures. Over the period under review, exports showed a dramatic setback. The pace of growth was the most pronounced in 2021 when exports increased by 5.8% against the previous year.
In value terms, exports of tobacco; partly or wholly stemmed or stripped shrank rapidly to $44M in 2022. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 8.8%. As a result, the exports attained the peak of $69M, and then dropped sharply in the following year.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.2 | 25.2 | 42.7 | 33.2 | 4.4% |
| Germany | 7.7 | 6.1 | 11.8 | 4.9 | -14.0% |
| Honduras | 3.2 | 2.3 | 4.4 | 2.9 | -3.2% |
| Philippines | 11.1 | 26.7 | 6.9 | 1.7 | -46.5% |
| Nicaragua | 4.7 | 1.4 | 0.4 | 0.6 | -49.6% |
| Turkey | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Belgium | 1.5 | 0.1 | 0.8 | 0.1 | -59.5% |
| Poland | 1.4 | 1.0 | 1.3 | N/A | -3.6% |
| Others | 3.5 | 0.6 | 0.9 | 0.8 | -38.9% |
| Total | 62.4 | 63.5 | 69.1 | 44.2 | -10.9% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from the Dominican Republic in 2022:
- United States (747.0 tons)
- Honduras (130.7 tons)
- Germany (67.0 tons)
- Philippines (39.6 tons)
- Belgium (32.5 tons)
- Nicaragua (28.4 tons)
- Turkey (17.3 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in the Dominican Republic.
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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 the Dominican Republic.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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In 2015, the country with the largest volume of the unmanufactured tobacco output was China (X thousand tons), accounting for X% of global production.
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
