Tobacco Refuse Price in Romania - 2023

Contents:

1. Tobacco Refuse Price in Romania (CIF) - 2023
2. Tobacco Refuse Price in Romania (FOB) - 2022
3. Tobacco Refuse Imports in Romania
4. Tobacco Refuse Exports in Romania

Tobacco Refuse Price in Romania (CIF) - 2023

The average tobacco refuse import price stood at $1,928 per ton in July 2023, picking up by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 38% month-to-month. The import price peaked in July 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($2,757 per ton), while the price for Spain ($1,482 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Tobacco Refuse Price in Romania (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $308 per ton, growing by 18% against the previous year. In general, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 an increase of 169%. The export price peaked at $377 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($445 per ton), while the average price for exports to the Netherlands ($51 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 Belgium (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Refuse Imports in Romania

In 2022, tobacco refuse imports into Romania expanded sharply to 3.4K tons, growing by 12% on 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 3.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco refuse imports surged to $4.6M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tobacco Refuse to Romania in 2022:

1. Brazil (1294.2 tons)
2. Belgium (874.3 tons)
3. Zimbabwe (691.5 tons)
4. South Africa (298.9 tons)
5. India (116.3 tons)
6. China (96.0 tons)
7. France (1.0 tons)

Tobacco Refuse Exports in Romania

Tobacco refuse exports from Romania surged to 1.1K tons in 2022, increasing by 45% on 2021. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2020 with an increase of 89%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, tobacco refuse exports soared to $333K in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Tobacco Refuse from Romania in 2022:

1. Belgium (553.8 tons)
2. Russia (370.6 tons)
3. Netherlands (143.1 tons)
4. Italy (10.8 tons)

Source: IndexBox Market Intelligence Platform