Tobacco Refuse Price in Pakistan - 2023

Contents:

  1. Tobacco Refuse Price in Pakistan (CIF) - 2022
  2. Tobacco Refuse Price in Pakistan (FOB) - 2022
  3. Tobacco Refuse Imports in Pakistan
  4. Tobacco Refuse Exports in Pakistan

Tobacco Refuse Price in Pakistan (CIF) - 2022

In 2022, the average tobacco refuse import price amounted to $836 per ton, falling by -10.2% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $2,128 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,741 per ton), while the price for Afghanistan ($499 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-4.4%), while the prices for the other major suppliers experienced a decline.

Tobacco Refuse Price in Pakistan (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $589 per ton, surging by 30% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 41%. Over the period under review, the average export prices reached the peak figure at $3,515 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($1,515 per ton), while the average price for exports to Malaysia ($237 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 France (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Refuse Imports in Pakistan

For the fourth year in a row, Pakistan recorded growth in overseas purchases of tobacco refuses, which increased by 88% to 3.2K tons in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 397%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, tobacco refuse imports skyrocketed to $2.7M in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 273% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Tobacco Refuse in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1153163521,202118.6%
Afghanistan39.916.6382840176.1%
Brazil4.795.8864651417.4%
Others1.01.23.99.5111.8%
Total1604301,6012,703156.6%

Top Suppliers of Tobacco Refuse to Pakistan in 2022:

  1. Afghanistan (1684.5 tons)
  2. Brazil (854.2 tons)
  3. United Arab Emirates (690.4 tons)

Tobacco Refuse Exports in Pakistan

Tobacco refuse exports from Pakistan skyrocketed to 482 tons in 2022, with an increase of 139% on the year before. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 937% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, tobacco refuse exports skyrocketed to $284K in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 773% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Export of Tobacco Refuse in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa7.11.930.575.3119.7%
Indonesia31.93.95.070.029.9%
Malaysia6.11.218.946.797.1%
France5.61.110.823.360.8%
Italy1.80.32.018.7118.2%
Saudi Arabia1.30.44.814.2121.9%
Russia2.80.23.810.756.3%
Netherlands2.00.20.73.318.2%
Others7.01.315.021.846.0%
Total65.810.591.628462.8%

Top Export Markets for Tobacco Refuse from Pakistan in 2022:

  1. Malaysia (197.4 tons)
  2. Indonesia (107.5 tons)
  3. South Africa (49.7 tons)
  4. France (30.2 tons)
  5. Italy (24.3 tons)
  6. Russia (16.2 tons)
  7. Saudi Arabia (12.0 tons)
  8. Netherlands (9.6 tons)

Source: IndexBox Market Intelligence Platform

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