Price for Tobacco, Unmanufactured; Tobacco Refuse in Italy - 2023

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Italy (FOB) - 2023
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Italy (CIF) - 2022
  3. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Italy
  4. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Italy

Price for Tobacco, Unmanufactured; Tobacco Refuse in Italy (FOB) - 2023

The average tobacco, unmanufactured; tobacco refuse export price stood at $7,239 per ton in June 2023, flattening at the previous month. In general, export price indicated a moderate increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, tobacco, unmanufactured; tobacco refuse export price increased by +16.7% against April 2023 indices. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 44% against the previous month. Over the period under review, the average export prices attained the maximum at $7,314 per ton in May 2023, and then contracted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($11,895 per ton), while the average price for exports to Serbia ($4,385 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Italy (CIF) - 2022

The average tobacco, unmanufactured; tobacco refuse import price stood at $4,519 per ton in 2022, which is down by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2017 an increase of 18% against the previous year. As a result, import price reached the peak level of $4,701 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($6,371 per ton), while the price for Pakistan ($2,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Italy

In 2022, overseas shipments of tobacco, unmanufactured; tobacco refuses increased by 25% to 71K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse exports soared to $370M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium10591.672.395.6-3.1%
Netherlands37.435.954.251.911.5%
Germany19.626.022.323.86.7%
Lithuania7.812.28.416.628.6%
Indonesia13.914.111.916.04.8%
Greece4.47.65.713.444.9%
Croatia6.76.114.313.325.7%
Slovakia3.35.110.010.446.6%
Jordan10.29.010.010.0-0.7%
Serbia1.01.11.88.4103.3%
Russia11.611.78.67.9-12.0%
United States4.32.83.07.319.3%
Bulgaria6.02.41.96.00.0%
Others82.069.068.089.12.8%
Total3132942923705.7%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Italy in 2022:

  1. Belgium (17.5K tons)
  2. Netherlands (9.3K tons)
  3. Germany (4.8K tons)
  4. Lithuania (3.3K tons)
  5. Indonesia (3.2K tons)
  6. Greece (3.0K tons)
  7. Croatia (2.2K tons)
  8. Slovakia (1.9K tons)
  9. Jordan (1.8K tons)
  10. Russia (1.7K tons)
  11. Serbia (1.6K tons)
  12. United States (1.5K tons)
  13. Bulgaria (1.5K tons)

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Italy

Tobacco, unmanufactured; tobacco refuse imports into Italy rose sharply to 42K tons in 2022, picking up by 8.5% against the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse imports reached $192M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium53.158.482.720.1-27.7%
Poland21.113.410.719.6-2.4%
Netherlands7.26.19.516.732.4%
Greece8.44.66.716.425.0%
Brazil1.11.15.616.0144.1%
Germany18.011.06.913.9-8.3%
Hungary12.08.16.011.7-0.8%
Spain11.75.87.88.2-11.2%
Pakistan0.41.03.27.0159.6%
France9.510.27.96.4-12.3%
Indonesia2.42.92.46.237.2%
Malawi0.90.71.04.975.9%
Argentina0.20.20.94.6184.4%
Others29.323.432.340.111.0%
Total1751471841923.1%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Italy in 2022:

  1. Poland (4.5K tons)
  2. Hungary (4.1K tons)
  3. Brazil (3.7K tons)
  4. Belgium (3.7K tons)
  5. Netherlands (3.5K tons)
  6. Greece (3.4K tons)
  7. Germany (2.8K tons)
  8. Pakistan (2.5K tons)
  9. Spain (2.5K tons)
  10. France (1.1K tons)
  11. Argentina (1.1K tons)
  12. Indonesia (1.0K tons)
  13. Malawi (1.0K tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Tobacco, unmanufactured; tobacco refuse - Italy