Tobacco Refuse Price in Saudi Arabia - 2021
Contents:
Tobacco Refuse Price in Saudi Arabia (FOB) - 2022
The average tobacco refuse export price stood at $3,364 per ton in 2021, picking up by 5.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($3,555 per ton), while the average price for exports to Iraq totaled $3,333 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.6%).
Tobacco Refuse Exports in Saudi Arabia
In 2021, the amount of tobacco refuses exported from Saudi Arabia expanded remarkably to 53 tons, growing by 8.8% compared with 2020. The total export volume increased at an average annual rate of +8.8% over the period from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tobacco refuse exports rose markedly to $178K in 2021. The total export value increased at an average annual rate of +14.9% from 2020 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tobacco Refuse in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Iraq | 155 | 151 | -2.6% | ||
| Kuwait | N/A | 26.7 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 155 | 178 | 14.8% | ||
Top Export Markets for Tobacco Refuse from Saudi Arabia in 2022:
- Iraq (45.4 tons)
- Kuwait (7.5 tons)
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