Nigeria - Tobacco (Smoking Tobacco, Chewing Tobacco, Snuff) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTobacco Price in Nigeria - 2022
Contents:
- Tobacco Price in Nigeria (CIF) - 2022
- Tobacco Price in Nigeria (FOB) - 2022
- Tobacco Imports in Nigeria
- Tobacco Exports in Nigeria
Tobacco Price in Nigeria (CIF) - 2022
The average tobacco import price stood at $2,983 per ton in 2022, with a decrease of -33.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 82%. Over the period under review, average import prices hit record highs at $7,826 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($6,990 per ton), while the price for Serbia ($1,161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Tobacco Price in Nigeria (FOB) - 2022
The average tobacco export price stood at $5,015 per ton in 2022, falling by -26.8% against the previous year. Over the period under review, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 129%. Over the period under review, the average export prices attained the maximum at $19,972 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to +19.0% per year.
Tobacco Imports in Nigeria
In 2022, approx. 1.4K tons of tobacco (smoking tobacco, chewing tobacco, snuff) were imported into Nigeria; with an increase of 26% on 2021. Over the period under review, imports, however, faced a sharp descent.
In value terms, tobacco imports dropped significantly to $4.1M in 2022. Overall, imports, however, recorded a sharp decline. The growth pace was the most rapid in 2020 with an increase of 80% against the previous year. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Tobacco in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 1.6 | 1.5 | 1.2 | 2.0 | 7.7% |
Serbia | 1.9 | 3.8 | 0.6 | 0.9 | -22.0% |
South Korea | 5.7 | 4.5 | 0.5 | 0.4 | -58.8% |
United States | 0.1 | 0.6 | 0.1 | 0.2 | 26.0% |
France | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Hungary | 0.5 | 1.0 | 0.3 | 0.1 | -41.5% |
Others | 2.4 | 10.8 | 2.1 | 0.4 | -45.0% |
Total | 12.4 | 22.3 | 4.9 | 4.1 | -30.9% |
Top Suppliers of Tobacco to Nigeria in 2022:
- Serbia (741.1 tons)
- Denmark (282.6 tons)
- South Korea (139.2 tons)
- United States (61.7 tons)
- France (48.7 tons)
- Hungary (31.3 tons)
Tobacco Exports in Nigeria
After three years of growth, shipments abroad of tobacco (smoking tobacco, chewing tobacco, snuff) decreased by -67.6% to 11 tons in 2022. Over the period under review, exports recorded a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by 98% against the previous year. As a result, the exports attained the peak of 35 tons, and then shrank dramatically in the following year.
In value terms, tobacco exports shrank rapidly to $57K in 2022. In general, exports, however, showed tangible growth. The growth pace was the most rapid in 2021 with an increase of 354% against the previous year. As a result, the exports reached the peak of $239K, and then shrank notably in the following year.
Export of Tobacco in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 10.9 | 49.2 | 0.9 | 56.3 | 72.9% |
Mali | 32.1 | N/A | 177 | N/A | 134.8% |
United Arab Emirates | N/A | N/A | 59.0 | N/A | 0% |
Turkey | 8.7 | N/A | N/A | N/A | 0% |
Others | 0.7 | 3.5 | 1.8 | 0.3 | -24.6% |
Total | 52.3 | 52.7 | 239 | 56.6 | 2.7% |
Top Export Markets for Tobacco from Nigeria in 2022:
- Benin (11.2 tons)
This report provides an in-depth analysis of the tobacco market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 12001930 - Smoking tobacco (excluding tobacco duty)
- Prodcom 12001990 - Manufactured tobacco, extracts and essences, other homogenised or reconstituted tobacco, n.e.c.
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tobacco market in Nigeria.
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Nigeria.
This report provides an in-depth analysis of the smoking tobacco market in Nigeria.
This report provides an in-depth analysis of the global tobacco market.
This report provides an in-depth analysis of the global market for manufactured tobacco, extracts and essences.
Global Smoking Tobacco Market Report 2018. This report provides an in-depth analysis of the global smoking tobacco market.
This report provides an in-depth analysis of the tobacco market in Nigeria.
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Nigeria.
This report provides an in-depth analysis of the smoking tobacco market in Nigeria.
This report provides an in-depth analysis of the global tobacco market.
In value terms, unmanufactured tobacco imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated ...
In 2016, approx. X tons of tobacco were exported worldwide; increasing by X% against the previous year level. In general, tobacco exports continue to indicate a remarkable expansion. The pace of...
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
In value terms, unmanufactured tobacco exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some n...
In value terms, unmanufactured tobacco imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated ...
In 2016, approx. X tons of tobacco were exported worldwide; increasing by X% against the previous year level. In general, tobacco exports continue to indicate a remarkable expansion. The pace of...
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
In value terms, unmanufactured tobacco exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some n...