Price for Tobacco, Unmanufactured; Tobacco Refuse in Nigeria - 2022
Contents:
- Price for Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (CIF) - 2022
- Price for Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (FOB) - 2022
- Imports of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria
- Exports of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria
Price for Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (CIF) - 2022
The average tobacco, unmanufactured; tobacco refuse import price stood at $4,714 per ton in 2022, increasing by 9.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 26% against the previous year. The import price peaked at $5,618 per ton in 2016; however, from 2017 to 2022, import prices stood 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 Germany ($9,013 per ton), while the price for China ($2,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (FOB) - 2022
In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $1,407 per ton, with a decrease of -13.2% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 431%. As a result, the export price reached the peak level of $14,068 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -1.4% per year.
Imports of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria
In 2022, after two years of decline, there was significant growth in overseas purchases of tobacco, unmanufactured; tobacco refuses, when their volume increased by 103% to 41K tons. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tobacco, unmanufactured; tobacco refuse imports surged to $193M in 2022. Overall, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 45.3 | 67.1 | 24.7 | 72.9 | 17.2% |
| Germany | 34.6 | 23.3 | 25.0 | 44.2 | 8.5% |
| India | 19.0 | 23.2 | 13.0 | 29.4 | 15.7% |
| South Africa | 0.9 | 0.7 | 5.8 | 9.6 | 120.1% |
| United States | 5.3 | 4.6 | 4.2 | 7.5 | 12.3% |
| Uganda | 2.4 | 10.0 | 0.8 | 7.0 | 42.9% |
| Kenya | 2.2 | 1.7 | 4.0 | 6.7 | 44.9% |
| Zimbabwe | 3.2 | 1.2 | 2.1 | 3.5 | 3.0% |
| China | 0.9 | 1.2 | 1.7 | 2.8 | 46.0% |
| Others | 7.7 | 3.5 | 5.9 | 9.5 | 7.3% |
| Total | 121 | 136 | 87.2 | 193 | 16.8% |
Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Nigeria in 2022:
- Brazil (17.0K tons)
- India (6.4K tons)
- Germany (4.9K tons)
- South Africa (2.5K tons)
- United States (2.2K tons)
- Uganda (1.7K tons)
- Zimbabwe (1.6K tons)
- Kenya (1.4K tons)
- China (1.4K tons)
Exports of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria
For the fourth consecutive year, Nigeria recorded growth in shipments abroad of tobacco, unmanufactured; tobacco refuses, which increased by 8.6% to 122 tons in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 122%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tobacco, unmanufactured; tobacco refuse exports dropped to $172K in 2022. In general, exports, however, showed a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 13%.
| Export of Tobacco, Unmanufactured; Tobacco Refuse in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 48.1 | 142 | 183 | 172 | 52.9% |
| Uganda | 401 | N/A | N/A | N/A | 0% |
| Others | N/A | 19.1 | N/A | N/A | 0% |
| Total | 449 | 162 | 183 | 172 | -27.4% |
Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Nigeria in 2022:
- Niger (122.3 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria.
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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 Nigeria.
2390
This report provides an in-depth analysis of the global unmanufactured tobacco market.
840
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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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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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
840
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
