Price for Tobacco; Partly or Wholly Stemmed or Stripped in Canada - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Canada (CIF) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Canada (FOB) - 2023
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Canada
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Canada
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Canada (CIF) - 2023
In October 2023, the average import price for tobacco; partly or wholly stemmed or stripped amounted to $6,803 per ton, falling by -12.2% against the previous month. In general, import price indicated a mild expansion from December 2022 to October 2023: its price increased at an average monthly rate of +1.6% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for tobacco; partly or wholly stemmed or stripped increased by +116.3% against July 2023 indices. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 113% month-to-month. The import price peaked at $7,749 per ton in September 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($80,581 per ton), while the price for India ($5,244 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Canada (FOB) - 2023
The average export price for tobacco; partly or wholly stemmed or stripped stood at $5,252 per ton in October 2023, dropping by -18.3% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 55% m-o-m. The export price peaked at $6,428 per ton in September 2023, and then declined rapidly in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +1.2% per month.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Canada
In 2022, the amount of tobacco; partly or wholly stemmed or stripped imported into Canada expanded markedly to 5.6K tons, surging by 9.1% against 2021. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year.
In value terms, imports of tobacco; partly or wholly stemmed or stripped soared to $32M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.8 | 4.3 | 9.0 | 13.8 | 26.6% |
| United States | 2.7 | 4.3 | 1.8 | 6.6 | 34.7% |
| India | 4.2 | 2.1 | 2.5 | 2.8 | -12.6% |
| Zimbabwe | 2.9 | 2.6 | 2.6 | 2.1 | -10.2% |
| Mozambique | 4.1 | 3.3 | 4.5 | 2.0 | -21.3% |
| Mexico | 0.9 | 0.7 | 0.2 | 1.7 | 23.6% |
| Argentina | 3.9 | 0.3 | 2.3 | 1.6 | -25.7% |
| China | 4.6 | 0.4 | N/A | 0.8 | -44.2% |
| Tanzania | 0.9 | 0.2 | 0.4 | 0.4 | -23.7% |
| Others | 1.5 | 0.9 | 1.3 | 0.7 | -22.4% |
| Total | 32.4 | 19.1 | 24.6 | 32.5 | 0.1% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Canada in 2022:
- Brazil (2059.5 tons)
- United States (1133.7 tons)
- India (590.0 tons)
- Mozambique (408.2 tons)
- Zimbabwe (368.3 tons)
- Argentina (320.6 tons)
- Mexico (281.8 tons)
- China (228.2 tons)
- Tanzania (60.5 tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Canada
In 2022, shipments abroad of tobacco; partly or wholly stemmed or stripped decreased by -7.5% to 4.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 128% against the previous year. As a result, the exports reached the peak of 5.1K tons, and then dropped in the following year.
In value terms, exports of tobacco; partly or wholly stemmed or stripped reduced to $29M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 172% against the previous year. As a result, the exports reached the peak of $31M, and then dropped in the following year.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 11.5 | 14.4 | 25.2% |
| United States | 3.8 | 9.3 | 17.6 | 13.8 | 53.7% |
| Mexico | N/A | N/A | 0.4 | 0.6 | 50.0% |
| Belgium | 4.4 | N/A | N/A | N/A | 0% |
| Germany | 0.7 | 1.2 | 0.6 | N/A | -7.4% |
| United Arab Emirates | 1.1 | 0.8 | 0.3 | N/A | -47.8% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 10.1 | 11.3 | 30.7 | 28.8 | 41.8% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Canada in 2022:
- United States (2.7K tons)
- China (1.9K tons)
- Mexico (0.1K tons)
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