Price for Tobacco, Unmanufactured; Tobacco Refuse in Uruguay - 2021

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (CIF) - 2022
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (FOB) - 2021
  3. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay
  4. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay

Price for Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (CIF) - 2022

The average tobacco, unmanufactured; tobacco refuse import price stood at $4,166 per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Brazil ($7,369 per ton), while the price for Paraguay ($3,203 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (FOB) - 2021

In November 2020, the average tobacco, unmanufactured; tobacco refuse export price amounted to $5,301 per ton, with an increase of 15% against the previous month. Over the period from June 2020 to November 2020, it increased at an average monthly rate of +4.1%. The most prominent rate of growth was recorded in September 2020 an increase of 31% month-to-month. As a result, the export price reached the peak level of $5,688 per ton. From October 2020 to November 2020, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From June 2020 to November 2020, the rate of growth in terms of prices for Paraguay amounted to +4.1% per month.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay

In 2022, overseas purchases of tobacco, unmanufactured; tobacco refuses were finally on the rise to reach 4.2K tons after two years of decline. Overall, imports, however, faced a abrupt contraction.

In value terms, tobacco, unmanufactured; tobacco refuse imports surged to $18M in 2022. Over the period under review, imports, however, showed a deep contraction.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Paraguay6.87.05.35.0-9.7%
Argentina3.41.52.43.1-3.0%
Greece0.80.80.82.851.8%
Italy2.71.51.52.4-3.9%
Brazil2.61.72.12.1-6.9%
China0.20.10.40.535.7%
Malawi1.11.1N/A0.3-35.2%
Spain0.30.10.30.30.0%
Bulgaria1.71.31.3N/A-12.6%
Others1.30.90.71.30.0%
Total20.916.014.717.7-5.4%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Uruguay in 2022:

  1. Paraguay (1547.6 tons)
  2. Argentina (708.9 tons)
  3. Greece (670.3 tons)
  4. Italy (544.2 tons)
  5. Brazil (286.0 tons)
  6. China (99.0 tons)
  7. Spain (79.2 tons)
  8. Malawi (55.4 tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay

For the third year in a row, Uruguay recorded decline in shipments abroad of tobacco, unmanufactured; tobacco refuses, which decreased by -11.7% to 1.4K tons in 2022. Overall, exports recorded a drastic downturn. The smallest decline of -2.1% was in 2020.

In value terms, tobacco, unmanufactured; tobacco refuse exports fell to $5.9M in 2022. In general, exports showed a deep downturn. The smallest decline of -4.8% was in 2020.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Uruguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Paraguay9.18.76.85.9-13.4%
OthersN/AN/AN/AN/A0%
Total9.18.76.85.9-13.4%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Uruguay in 2022:

  1. Paraguay (1.4K tons)

Source: IndexBox Market Intelligence Platform

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