Price for Tobacco, Unmanufactured; Tobacco Refuse in Panama - 2024

Contents:

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

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

In July 2023, the average tobacco, unmanufactured; tobacco refuse export price amounted to $7,923 per ton, reducing by -2.5% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $8,128 per ton in June 2023, and then contracted in the following month.

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

From April 2023 to July 2023, the rate of growth in terms of prices for Honduras amounted to +0.1% per month.

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

In 2022, the average tobacco, unmanufactured; tobacco refuse import price amounted to $4,532 per ton, which is down by -10.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 131%. Over the period under review, average import prices attained the peak figure at $6,099 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +11.3% per year.

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Panama

In 2022, overseas shipments of tobacco, unmanufactured; tobacco refuses were finally on the rise to reach 237 tons after two years of decline. Over the period under review, exports posted a resilient expansion. 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 skyrocketed to $1.7M in 2022. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras9828117261,69920.0%
BrazilN/A30.232.229.4-1.3%
Others38.414.215.70.3-80.2%
Total1,0208557741,72819.2%

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

  1. Honduras (233.5 tons)
  2. Brazil (3.3 tons)

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Panama

In 2022, the amount of tobacco, unmanufactured; tobacco refuses imported into Panama surged to 13 tons, rising by 16% against the previous year's figure. Overall, imports, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 35%.

In value terms, tobacco, unmanufactured; tobacco refuse imports amounted to $58K in 2022. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 32%.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua38.338.055.858.315.0%
Spain25.0N/AN/AN/A0%
Dominican Republic20.4N/AN/AN/A0%
Switzerland7.7N/AN/AN/A0%
OthersN/A4.60.6N/A-87.0%
Total91.442.756.458.3-13.9%

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

  1. Nicaragua (12.9 tons)

Source: IndexBox Market Intelligence Platform

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