Price for Tobacco; Partly or Wholly Stemmed or Stripped in Portugal - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (CIF) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (FOB) - 2023
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (CIF) - 2023
The average import price for tobacco; partly or wholly stemmed or stripped stood at $6,484 per ton in October 2023, remaining stable against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in September 2023 an increase of 36% m-o-m. The import price peaked at $6,623 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
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 ($8,863 per ton), while the price for China ($3,783 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (FOB) - 2023
The average export price for tobacco; partly or wholly stemmed or stripped stood at $11,080 per ton in October 2023, with a decrease of -52.9% against the previous month. In general, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in September 2023 an increase of 226% m-o-m. As a result, the export price attained the peak level of $23,515 per ton, and then declined remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Andorra ($23,404 per ton), while the average price for exports to Senegal stood at $7,207 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Andorra (+1.6%).
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal
After three years of growth, purchases abroad of tobacco; partly or wholly stemmed or stripped decreased by -27.2% to 8.7K tons in 2022. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year.
In value terms, imports of tobacco; partly or wholly stemmed or stripped contracted significantly to $38M in 2022. Over the period under review, imports showed a slight downturn. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, imports attained the peak of $53M, and then fell sharply in the following year.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.3 | 8.9 | 15.5 | 8.6 | 5.6% |
| Argentina | 3.7 | 5.4 | 7.8 | 7.6 | 27.1% |
| Mozambique | 3.5 | 2.5 | 4.5 | 6.7 | 24.2% |
| China | 1.3 | 1.6 | 0.9 | 2.9 | 30.7% |
| Italy | 1.8 | 4.9 | 2.7 | 2.0 | 3.6% |
| United States | 2.7 | 4.7 | 5.0 | 1.8 | -12.6% |
| Spain | 0.4 | 0.2 | N/A | 1.5 | 55.4% |
| India | 0.9 | 1.5 | 2.0 | 1.4 | 15.9% |
| Malawi | 3.0 | 1.5 | 6.1 | 0.6 | -41.5% |
| Belgium | 6.8 | 5.9 | 6.4 | N/A | -3.0% |
| Tanzania | 2.8 | 1.2 | N/A | N/A | -57.1% |
| Others | 5.1 | 7.4 | 2.4 | 4.6 | -3.4% |
| Total | 39.2 | 45.5 | 53.3 | 37.9 | -1.1% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Portugal in 2022:
- Brazil (2338.8 tons)
- Argentina (1754.9 tons)
- Mozambique (1658.8 tons)
- China (899.6 tons)
- India (466.7 tons)
- Spain (332.8 tons)
- Italy (320.1 tons)
- United States (257.9 tons)
- Malawi (155.4 tons)
- Belgium (5.1 tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal
Exports of tobacco; partly or wholly stemmed or stripped from Portugal skyrocketed to 541 tons in 2022, with an increase of 50% against 2021 figures. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tobacco; partly or wholly stemmed or stripped surged to $7.5M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Andorra | 3.1 | 2.8 | 3.7 | 5.2 | 18.8% |
| Senegal | 1.3 | 1.4 | 1.7 | 1.5 | 4.9% |
| Netherlands | N/A | N/A | N/A | 0.7 | 0% |
| Spain | 1.0 | 1.7 | N/A | N/A | 70.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 5.9 | 5.4 | 7.5 | 12.3% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Portugal in 2022:
- Andorra (251.1 tons)
- Senegal (246.6 tons)
- Netherlands (43.2 tons)
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