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

Contents:

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

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

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $8,889 per ton in November 2023, surging by 1.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in September 2023 an increase of 14% m-o-m. Over the period under review, average import prices hit record highs in November 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($37,735 per ton), while the price for the Netherlands amounted to $7,510 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), 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 Portugal (FOB) - 2022

In 2022, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $6,009 per ton, with a decrease of -7.3% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 118%. Over the period under review, the average export prices reached the maximum at $8,230 per ton in 2020; however, from 2021 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 Spain ($33,489 per ton), while the average price for exports to Switzerland ($1,331 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 Andorra (+36.3%), 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 Portugal

In 2022, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s into Portugal contracted to 5.3K tons, which is down by -11.9% against 2021 figures. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 594%. As a result, imports attained the peak of 6K tons, and then fell in the following year.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s plummeted to $34M in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 180%. As a result, imports reached the peak of $110M, and then contracted notably in the following year.

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

1. Netherlands (5.2K tons)
2. Poland (0.1K tons)

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

After three years of growth, overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -18.2% to 408 tons in 2022. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports attained the peak of 499 tons, and then dropped markedly in the following year.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank remarkably to $2.5M in 2022. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 4.1% against the previous year. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Senegal (335.9 tons)
2. Andorra (42.2 tons)
3. Spain (15.6 tons)
4. Switzerland (8.5 tons)

Source: IndexBox Market Intelligence Platform