Nigeria - Unmanufactured Tobacco - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnmanufactured Tobacco Price in Nigeria - 2022
Contents:
- Unmanufactured Tobacco Price in Nigeria (CIF) - 2022
- Unmanufactured Tobacco Price in Nigeria (FOB) - 2022
- Unmanufactured Tobacco Imports in Nigeria
- Unmanufactured Tobacco Exports in Nigeria
Unmanufactured Tobacco Price in Nigeria (CIF) - 2022
In 2022, the average unmanufactured tobacco import price amounted to $4,618 per ton, with an increase of 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 34%. Over the period under review, average import prices attained the maximum at $5,669 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,569 per ton), while the price for Belgium ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Unmanufactured Tobacco Price in Nigeria (FOB) - 2022
In 2022, the average unmanufactured tobacco export price amounted to $1,895 per ton, increasing by 43% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 333%. Over the period under review, the average export prices attained the peak figure at $5,798 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($4,400 per ton), while the average price for exports to Niger stood at $1,886 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Unmanufactured Tobacco Imports in Nigeria
In 2022, the amount of tobacco (unmanufactured) imported into Nigeria surged to 42K tons, picking up by 109% compared with the previous year's figure. In general, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, unmanufactured tobacco imports surged to $194M in 2022. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Unmanufactured Tobacco in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.4 | 20.0 | 9.2 | 41.6 | 45.9% |
| Brazil | 31.2 | 53.7 | 17.1 | 36.0 | 4.9% |
| Antigua and Barbuda | 10.1 | 14.0 | 13.3 | 29.8 | 43.4% |
| Germany | 23.6 | 18.6 | 16.3 | 25.2 | 2.2% |
| Uganda | 2.1 | 3.1 | 0.7 | 8.2 | 57.5% |
| Kenya | 1.9 | 2.9 | 2.8 | 6.6 | 51.4% |
| Zimbabwe | 1.8 | 0.6 | 1.0 | 4.2 | 32.6% |
| United States | 4.7 | 5.9 | 4.0 | 2.9 | -14.9% |
| Tanzania | 1.5 | 1.6 | 1.1 | 2.4 | 17.0% |
| Italy | 1.7 | 0.7 | 1.0 | 1.9 | 3.8% |
| China | 0.8 | 1.3 | 1.4 | 1.0 | 7.7% |
| Belgium | 0.5 | 0.3 | 0.2 | 0.4 | -7.2% |
| Others | 28.2 | 13.8 | 19.1 | 33.5 | 5.9% |
| Total | 121 | 136 | 87.2 | 194 | 17.0% |
Top Suppliers of Unmanufactured Tobacco to Nigeria in 2022:
- India (11.1K tons)
- Brazil (8.3K tons)
- Antigua and Barbuda (5.6K tons)
- Germany (3.8K tons)
- Kenya (1.5K tons)
- Zimbabwe (1.4K tons)
- Uganda (1.2K tons)
- United States (0.7K tons)
- Italy (0.6K tons)
- Tanzania (0.6K tons)
- China (0.5K tons)
- Belgium (0.5K tons)
Unmanufactured Tobacco Exports in Nigeria
In 2022, shipments abroad of tobacco (unmanufactured) decreased by -31.4% to 91 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 121%. As a result, the exports attained the peak of 146 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, unmanufactured tobacco exports dropped modestly to $173K in 2022. In general, exports showed a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 4.7% against the previous year.
| Export of Unmanufactured Tobacco in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 7.7 | 167 | 176 | 172 | 181.6% |
| Burkina Faso | 261 | N/A | N/A | N/A | 0% |
| Ghana | 81.1 | N/A | N/A | N/A | 0% |
| Others | 3.9 | 2.2 | 1.4 | 0.9 | -38.7% |
| Total | 354 | 169 | 177 | 173 | -21.2% |
Top Export Markets for Unmanufactured Tobacco from Nigeria in 2022:
- Niger (91.3 tons)
This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
791
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the country with the largest volume of the unmanufactured tobacco output was China (X thousand tons), accounting for X% of global production.
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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
