Report Update: May 1, 2024

Belgium - Unmanufactured Tobacco - Market Analysis, Forecast, Size, Trends and Insights

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Unmanufactured Tobacco Price in Belgium - 2023

Unmanufactured Tobacco Price in Belgium (FOB) - 2023

The average unmanufactured tobacco export price stood at $5,498 per ton in July 2023, picking up by 3.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 28% m-o-m. As a result, the export price reached the peak level of $6,562 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Romania ($8,469 per ton), while the average price for exports to France ($1,565 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unmanufactured Tobacco Price in Belgium (CIF) - 2023

In July 2023, the average unmanufactured tobacco import price amounted to $5,720 per ton, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 14% against the previous month. Over the period under review, average import prices hit record highs at $5,807 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Greece ($9,368 per ton), while the price for Poland ($122 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 Poland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Unmanufactured Tobacco Exports in Belgium

In 2022, overseas shipments of tobacco (unmanufactured) decreased by -76.7% to 48K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,322%. As a result, the exports attained the peak of 219K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, unmanufactured tobacco exports dropped remarkably to $241M in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 3,147% against the previous year. As a result, the exports attained the peak of $1.1B. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Unmanufactured Tobacco in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	0.1	5.8	404	108	926.0%
Turkey	0.1	0.1	105	41.5	645.9%
Philippines	N/A	N/A	111	19.4	-82.5%
Luxembourg	8.1	425	26.9	16.2	26.0%
Egypt	N/A	0.1	30.8	14.1	1087.4%
Japan	N/A	0.1	46.8	10.0	900.0%
Jordan	N/A	0.7	27.4	7.6	229.5%
Switzerland	19.1	442	N/A	N/A	2214.1%
Others	7.4	251	307	24.8	49.6%
Total	34.7	1,126	1,060	241	90.8%

Top Export Markets for Unmanufactured Tobacco from Belgium in 2022:

Switzerland (undefinedK tons)
Russia (21.1K tons)
Turkey (9.0K tons)
Luxembourg (3.9K tons)
Philippines (3.4K tons)
Egypt (2.4K tons)
Japan (1.8K tons)
Jordan (1.1K tons)

Unmanufactured Tobacco Imports in Belgium

In 2022, supplies from abroad of tobacco (unmanufactured) decreased by -83.7% to 31K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 745% against the previous year. As a result, imports attained the peak of 203K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, unmanufactured tobacco imports dropped dramatically to $173M in 2022. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 573%. As a result, imports attained the peak of $988M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Unmanufactured Tobacco in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	20.5	125	90.3	29.6	13.0%
Malawi	20.5	97.7	74.9	24.2	5.7%
Italy	8.8	63.0	101	12.7	13.0%
Tanzania	11.1	99.3	28.6	12.7	4.6%
Bangladesh	3.1	17.2	24.8	12.5	59.2%
Zimbabwe	3.9	59.5	47.0	9.8	36.0%
Zambia	4.8	29.9	33.4	9.3	24.7%
Brazil	5.6	51.2	30.7	8.8	16.3%
Netherlands	1.9	9.7	85.8	8.5	64.8%
India	5.8	37.3	25.3	5.7	-0.6%
Turkey	11.5	7.8	16.6	5.3	-22.8%
Sri Lanka	16.2	83.2	41.3	4.3	-35.7%
Germany	1.3	19.8	5.1	3.5	39.1%
Others	31.8	287	230	25.9	-6.6%
Total	147	988	835	173	5.6%

Top Suppliers of Unmanufactured Tobacco to Belgium in 2022:

Malawi (5.6K tons)
Bangladesh (3.3K tons)
Tanzania (3.0K tons)
Italy (2.5K tons)
Brazil (2.0K tons)
Zimbabwe (1.9K tons)
Zambia (1.9K tons)
India (1.4K tons)
Indonesia (1.3K tons)
Netherlands (1.2K tons)
Turkey (0.9K tons)
Sri Lanka (0.9K tons)
Germany (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unmanufactured tobacco market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 826 - Tobacco leaves

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023