Tobacco Refuse Price in Paraguay - 2023

Contents:

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

Tobacco Refuse Price in Paraguay (CIF) - 2022

In 2022, the average tobacco refuse import price amounted to $656 per ton, with an increase of 30% against the previous year. Overall, the import price, however, recorded a slight reduction. Over the period under review, average import prices hit record highs at $748 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($831 per ton), while the price for Argentina ($529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Tobacco Refuse Price in Paraguay (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $412 per ton, declining by -47.9% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2021 an increase of 186%. As a result, the export price reached the peak level of $792 per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($1,000 per ton), while the average price for exports to South Korea ($233 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 Brazil (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Refuse Imports in Paraguay

In 2022, approx. 7.9K tons of tobacco refuses were imported into Paraguay; with a decrease of -36.5% compared with the previous year's figure. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 3.1%.

In value terms, tobacco refuse imports dropped markedly to $5.2M in 2022. Overall, imports showed a abrupt curtailment. The smallest decline of -3.1% was in 2021.

Import of Tobacco Refuse in Paraguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.62.23.22.6-17.3%
Argentina3.14.02.82.3-9.5%
Uruguay0.30.30.30.2-12.6%
OthersN/AN/AN/AN/A0%
Total8.06.56.35.2-13.4%

Top Suppliers of Tobacco Refuse to Paraguay in 2022:

  1. Argentina (4.4K tons)
  2. Brazil (3.1K tons)
  3. Uruguay (0.3K tons)

Tobacco Refuse Exports in Paraguay

In 2022, the amount of tobacco refuses exported from Paraguay declined sharply to 668 tons, which is down by -41.4% compared with the year before. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports attained the peak of 1.1K tons, and then contracted sharply in the following year.

In value terms, tobacco refuse exports contracted sharply to $275K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 355% against the previous year. As a result, the exports attained the peak of $901K, and then contracted significantly in the following year.

Export of Tobacco Refuse in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil9.2113827147151.9%
South Korea10279.365.71092.2%
EgyptN/A6.28.918.773.7%
Colombia11.3N/AN/AN/A0%
Others10.2N/AN/AN/A0%
Total13319890127527.4%

Top Export Markets for Tobacco Refuse from Paraguay in 2022:

  1. South Korea (469.8 tons)
  2. Brazil (147.2 tons)
  3. Egypt (50.7 tons)

Source: IndexBox Market Intelligence Platform

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