Peru: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Peru

The Peruvian unmanufactured tobacco market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, showed resilient growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Unmanufactured Tobacco Production in Peru

In value terms, unmanufactured tobacco production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Unmanufactured tobacco production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of tobacco (unmanufactured) in Peru declined slightly to X tons per ha in 2022, with a decrease of X% on the previous year. Over the period under review, the yield indicated a temperate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unmanufactured tobacco yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The unmanufactured tobacco yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of tobacco (unmanufactured) in Peru shrank slightly to X ha, falling by X% on the previous year. Overall, the harvested area recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the unmanufactured tobacco harvested area remained at a lower figure.

Unmanufactured Tobacco Exports

Exports from Peru

In 2022, exports of tobacco (unmanufactured) from Peru reached X tons, with an increase of X% on 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, unmanufactured tobacco exports shrank to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for unmanufactured tobacco exports from Peru, with a X% share of total exports. Moreover, unmanufactured tobacco exports to Italy exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%.

In value terms, Italy ($X) remains the key foreign market for tobacco (unmanufactured) exports from Peru, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%.

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unmanufactured Tobacco Imports

Imports into Peru

In 2022, after two years of decline, there was significant growth in supplies from abroad of tobacco (unmanufactured), when their volume increased by X% to X tons. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, unmanufactured tobacco imports surged to $X in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main unmanufactured tobacco supplier to Peru, accounting for a X% share of total imports. Moreover, unmanufactured tobacco imports from the United States exceeded the figures recorded by the second-largest supplier, Cuba (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%.

In value terms, Cuba ($X) and the United States ($X) appeared to be the largest unmanufactured tobacco suppliers to Peru.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average unmanufactured tobacco import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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