Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Canada - 2023

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada (CIF) - 2023
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada (FOB) - 2022
3. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada
4. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada (CIF) - 2023

In December 2023, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $36,684 per ton, which is down by -12% against the previous month. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in May 2023 when the average import price increased by 219% m-o-m. The import price peaked at $196K per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($31,233 per ton), while the price for Mexico totaled $16,949 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Sweden (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada (FOB) - 2022

The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $8,846 per ton in 2022, which is down by -41.5% against the previous year. Overall, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 122%. The export price peaked at $15,118 per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17,519 per ton), while the average price for exports to Pakistan ($8,451 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 Kuwait (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada

In 2022, supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -11.5% to 720 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of 833 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank to $16M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 37%. As a result, imports reached the peak of $19M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Canada in 2022:

1. Mexico (339.8 tons)
2. United States (215.4 tons)
3. Romania (133.4 tons)
4. Sweden (17.0 tons)

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Canada

In 2022, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s was finally on the rise to reach 51 tons after two years of decline. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s skyrocketed to $455K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Canada in 2022:

1. Pakistan (48.2 tons)
2. United States (2.2 tons)
3. Sweden (1.0 tons)

Source: IndexBox Market Intelligence Platform