Price for Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka - 2021

Contents:

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

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

The average tobacco, unmanufactured; tobacco refuse import price stood at $6,330 per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $7,926 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($56,349 per ton), while the price for Belgium ($3,446 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka (FOB) - 2022

The average tobacco, unmanufactured; tobacco refuse export price stood at $933 per ton in 2022, declining by -79.9% against the previous year. Overall, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 84% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,830 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($12,053 per ton), while the average price for exports to Germany ($62 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 Poland (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka

In 2022, overseas purchases of tobacco, unmanufactured; tobacco refuses decreased by -0.3% to 9.6K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco, unmanufactured; tobacco refuse imports expanded rapidly to $61M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia29.125.214.734.05.3%
Italy3.84.12.69.234.3%
United States5.15.13.07.614.2%
Belgium1.64.04.83.529.8%
Germany0.40.30.72.071.0%
France0.10.30.91.8162.1%
Ecuador8.38.81.31.3-46.1%
Peru1.01.20.9N/A-5.1%
Others8.111.924.01.2-47.1%
Total57.461.052.960.61.8%

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

  1. Ecuador (undefinedK tons)
  2. Indonesia (4.8K tons)
  3. Italy (1.9K tons)
  4. Belgium (1.0K tons)
  5. United States (0.9K tons)
  6. Germany (0.5K tons)
  7. France (0.3K tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka

In 2022, tobacco, unmanufactured; tobacco refuse exports from Sri Lanka surged to 31K tons, picking up by 306% compared with 2021. In general, exports showed a significant increase. 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 contracted dramatically to $29M in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $36M, and then shrank markedly in the following year.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary7.72.23.08.84.6%
Belgium18.014.65.15.2-33.9%
Poland2.14.71.44.730.8%
Spain1.71.51.74.134.1%
Indonesia2.00.40.53.823.9%
GermanyN/AN/AN/A1.40%
Italy0.10.1N/A0.226.0%
United States0.40.20.10.1-37.0%
Others3.66.524.11.0-34.8%
Total35.630.236.029.4-6.2%

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

  1. Germany (23.2K tons)
  2. Hungary (2.3K tons)
  3. Italy (2.2K tons)
  4. Belgium (1.1K tons)
  5. Poland (0.8K tons)
  6. Indonesia (0.8K tons)
  7. United States (0.6K tons)
  8. Spain (0.3K tons)

Source: IndexBox Market Intelligence Platform

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