Tobacco Refuse Price in Sri Lanka - 2021

Tobacco Refuse Price in Sri Lanka (FOB) - 2022

The average tobacco refuse export price stood at $1,504 per ton in 2022, with a decrease of -24.9% against the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 19% against the previous year. The export price peaked at $2,180 per ton in 2013; however, from 2014 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 Italy ($3,963 per ton), while the average price for exports to Spain ($414 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 Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Refuse Price in Sri Lanka (CIF) - 2022

The average tobacco refuse import price stood at $15,774 per ton in 2022, jumping by 5,537% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($62,963 per ton), while the price for India stood at $272 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%).

Tobacco Refuse Exports in Sri Lanka

In 2022, shipments abroad of tobacco refuses was finally on the rise to reach 1.1K tons after two years of decline. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tobacco refuse exports skyrocketed to $1.7M in 2022. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tobacco Refuse in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	69.6	55.0	5.7	332	68.3%
Dominica	N/A	N/A	N/A	183	0%
Italy	415	385	243	163	-26.8%
United States	N/A	N/A	N/A	88.0	0%
Hungary	N/A	N/A	N/A	83.6	0%
Netherlands	N/A	N/A	N/A	54.5	0%
Germany	93.7	51.2	67.9	41.8	-23.6%
Others	566	473	304	725	8.6%
Total	1,145	964	621	1,671	13.4%

Top Export Markets for Tobacco Refuse from Sri Lanka in 2022:

Belgium (535.8 tons)
Hungary (172.3 tons)
United States (130.1 tons)
Dominica (67.7 tons)
Germany (61.1 tons)
Netherlands (49.3 tons)
Italy (41.2 tons)

Tobacco Refuse Imports in Sri Lanka

In 2022, the amount of tobacco refuses imported into Sri Lanka shrank remarkably to 1.7 tons, with a decrease of -93.9% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp descent. The smallest decline of -3.1% was in 2020.

In value terms, tobacco refuse imports soared to $26K in 2022. In general, imports faced a abrupt shrinkage.