Price for Tobacco, Unmanufactured; Tobacco Refuse in Venezuela - 2022

Contents:

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

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

In 2022, the average tobacco, unmanufactured; tobacco refuse import price amounted to $533 per ton, jumping by 95% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $1,349 per ton in 2017; however, from 2018 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 Argentina ($796 per ton), while the price for Colombia ($404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.1%), while the prices for the other major suppliers experienced a decline.

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

The average tobacco, unmanufactured; tobacco refuse export price stood at $4,799 per ton in 2022, shrinking by -4.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 5.3% against the previous year. As a result, the export price attained the peak level of $5,521 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($6,241 per ton) and Turkey ($5,103 per ton), while the average price for exports to Germany ($4,645 per ton) and Indonesia ($5,042 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Venezuela

In 2022, the amount of tobacco, unmanufactured; tobacco refuses imported into Venezuela skyrocketed to 5.4K tons, increasing by 139% on the previous year's figure. In general, imports posted a significant increase. 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 skyrocketed to $2.9M in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil2,1461,8191,0522,3813.5%
Argentina177169148169-1.5%
Colombia18812549.825.3-48.8%
Others359288258327-3.1%
Total2,8702,4011,5082,9020.4%

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

  1. Brazil (5.1K tons)
  2. Argentina (0.2K tons)
  3. Colombia (0.1K tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Venezuela

For the fourth year in a row, Venezuela recorded growth in shipments abroad of tobacco, unmanufactured; tobacco refuses, which increased by 35% to 83 tons in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse exports soared to $400K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17417725532222.8%
Poland21.722.935.736.018.4%
Turkey22.619.920.125.44.0%
IndonesiaN/AN/AN/A16.60%
Others0.31.40.30.410.1%
Total21922131140022.2%

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

  1. Germany (69.3 tons)
  2. Poland (5.8 tons)
  3. Turkey (5.0 tons)
  4. Indonesia (3.3 tons)

Source: IndexBox Market Intelligence Platform

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