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

Contents:

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

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

The average tobacco, unmanufactured; tobacco refuse import price stood at $4,865 per ton in 2022, with an increase of 3.6% against the previous year. Overall, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. As a result, import price attained the peak level of $6,525 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.1% per year.

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

In June 2023, the average tobacco, unmanufactured; tobacco refuse export price amounted to $61,328 per ton, approximately mirroring the previous month. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in February 2023 an increase of 157% m-o-m. As a result, the export price reached the peak level of $70,832 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From October 2022 to June 2023, the rate of growth in terms of prices for Nicaragua amounted to +2.4% per month.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Mexico

For the third year in a row, Mexico recorded decline in purchases abroad of tobacco, unmanufactured; tobacco refuses, which decreased by -97.5% to 497 tons in 2022. In general, imports continue to indicate a sharp descent. The smallest decline of -13.5% was in 2021.

In value terms, tobacco, unmanufactured; tobacco refuse imports fell sharply to $2.4M in 2022. Over the period under review, imports saw a dramatic decline. The smallest decline of -0.7% was in 2021.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11693.392.72.4-72.5%
OthersN/AN/AN/AN/A0%
Total11693.392.72.4-72.5%

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

  1. United States (497.0 tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Mexico

In 2022, exports of tobacco, unmanufactured; tobacco refuses from Mexico skyrocketed to 2.2K tons, picking up by 666% on the year before. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse exports surged to $7.2M in 2022. Overall, exports, however, faced a abrupt shrinkage.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic6.26.20.42.8-23.3%
United States4.02.01.72.3-16.8%
NicaraguaN/AN/A1.82.116.7%
Germany2.1N/AN/AN/A0%
Brazil0.1N/AN/AN/A0%
Others0.6N/A0.4N/A-18.4%
Total12.98.24.37.2-17.7%

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

  1. United States (2009.7 tons)
  2. Dominican Republic (108.7 tons)
  3. Nicaragua (78.1 tons)

Source: IndexBox Market Intelligence Platform

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