Price for Tobacco; Partly or Wholly Stemmed or Stripped in the United States - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the United States (FOB) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the United States (CIF) - 2023
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the United States
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the United States
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the United States (FOB) - 2023
The average export price for tobacco; partly or wholly stemmed or stripped stood at $12,738 per ton in November 2023, with an increase of 46% against the previous month. Over the last eleven months, it increased at an average monthly rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($14,470 per ton), while the average price for exports to Canada ($5,685 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the United States (CIF) - 2023
The average import price for tobacco; partly or wholly stemmed or stripped stood at $6,055 per ton in November 2023, surging by 3.3% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2023 an increase of 33% against the previous month. The import price peaked at $7,486 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($8,931 per ton), while the price for Guatemala ($1,954 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the United States
In 2022, exports of tobacco; partly or wholly stemmed or stripped from the United States shrank to 81K tons, waning by -1.7% against 2021 figures. The total export volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of 83K tons, and then reduced in the following year.
In value terms, exports of tobacco; partly or wholly stemmed or stripped contracted to $682M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $686M, leveling off in the following year.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 0.1 | 169 | 177 | 443.9% |
| Switzerland | 200 | 104 | 123 | 103 | -19.8% |
| Dominican Republic | 57.1 | 73.5 | 74.1 | 76.8 | 10.4% |
| Belgium | 40.2 | 38.9 | 27.7 | 74.4 | 22.8% |
| Vietnam | 18.3 | 22.0 | 22.1 | 41.2 | 31.1% |
| Mexico | 74.5 | 65.0 | 70.4 | 31.2 | -25.2% |
| Indonesia | 40.7 | 41.1 | 28.8 | 25.4 | -14.5% |
| South Korea | 25.8 | 32.4 | 24.4 | 23.7 | -2.8% |
| Canada | 20.8 | 21.8 | 14.4 | 20.8 | 0.0% |
| Poland | 2.5 | 11.1 | 0.5 | 15.9 | 85.3% |
| Lebanon | 10.3 | 9.2 | 8.6 | 9.8 | -1.6% |
| Russia | 13.4 | 23.6 | 25.8 | 3.7 | -34.9% |
| Italy | 34.2 | 13.4 | N/A | 0.2 | -82.0% |
| Others | 101 | 98.7 | 96.3 | 78.8 | -7.9% |
| Total | 640 | 555 | 686 | 682 | 2.1% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from the United States in 2022:
- China (19.7K tons)
- Switzerland (11.8K tons)
- Dominican Republic (8.6K tons)
- Belgium (8.5K tons)
- Vietnam (5.2K tons)
- Mexico (5.0K tons)
- Indonesia (3.0K tons)
- Canada (2.9K tons)
- South Korea (2.9K tons)
- Poland (2.2K tons)
- Lebanon (1.4K tons)
- Russia (0.5K tons)
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the United States
In 2022, approx. 68K tons of tobacco; partly or wholly stemmed or stripped were imported into the United States; stabilizing at the year before. In general, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 8.9%.
In value terms, imports of tobacco; partly or wholly stemmed or stripped expanded to $309M in 2022. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 11%.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 217 | 135 | 142 | 159 | -9.8% |
| Dominican Republic | 12.4 | 15.6 | 21.0 | 21.6 | 20.3% |
| Malawi | 38.7 | 13.1 | 15.4 | 16.9 | -24.1% |
| India | 10.0 | 9.6 | 7.5 | 16.2 | 17.4% |
| Zimbabwe | 9.8 | 8.8 | 15.0 | 16.1 | 18.0% |
| Philippines | 12.3 | 10.4 | 5.5 | 11.4 | -2.5% |
| Argentina | 15.8 | 17.1 | 24.0 | 11.2 | -10.8% |
| Guatemala | 21.0 | 20.6 | 24.2 | 9.9 | -22.2% |
| Indonesia | 10.4 | 7.7 | 4.3 | 7.0 | -12.4% |
| Canada | 0.8 | 4.9 | 12.3 | 6.6 | 102.1% |
| Bangladesh | 6.1 | 7.1 | 3.4 | 6.1 | 0.0% |
| Mexico | 6.0 | 2.0 | 7.4 | 6.0 | 0.0% |
| Others | 18.1 | 18.0 | 17.7 | 20.5 | 4.2% |
| Total | 378 | 270 | 299 | 309 | -6.5% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to the United States in 2022:
- Brazil (31.2K tons)
- India (7.5K tons)
- Dominican Republic (4.7K tons)
- Malawi (3.7K tons)
- Indonesia (3.1K tons)
- Zimbabwe (3.1K tons)
- Argentina (2.5K tons)
- Bangladesh (2.1K tons)
- Philippines (1.9K tons)
- Guatemala (1.5K tons)
- Canada (1.3K tons)
- Mexico (1.0K tons)
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