Price for Tobacco, Unmanufactured; Tobacco Refuse in India - 2023

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in India (FOB) - 2023
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in India (CIF) - 2023
  3. Exports of Tobacco, Unmanufactured; Tobacco Refuse in India
  4. Imports of Tobacco, Unmanufactured; Tobacco Refuse in India

Price for Tobacco, Unmanufactured; Tobacco Refuse in India (FOB) - 2023

The average tobacco, unmanufactured; tobacco refuse export price stood at $3,434 per ton in July 2023, which is down by -7.9% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 14% against the previous month. The export price peaked at $3,987 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($4,863 per ton), while the average price for exports to Egypt ($1,836 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in India (CIF) - 2023

The average tobacco, unmanufactured; tobacco refuse import price stood at $6,526 per ton in July 2023, approximately reflecting the previous month. Over the period under review, the import price saw a strong increase. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 113% m-o-m. The import price peaked at $8,263 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($6,483 per ton), while the price for France amounted to $3,649 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tobacco, Unmanufactured; Tobacco Refuse in India

In 2022, the amount of tobacco, unmanufactured; tobacco refuses exported from India soared to 285K tons, increasing by 50% against the previous year's figure. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse exports skyrocketed to $828M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tobacco, Unmanufactured; Tobacco Refuse in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar1.81.82.2828671.9%
Russia25.218.319.3N/A-12.5%
Yemen11.713.314.7N/A12.1%
South Korea27.923.924.5N/A-6.3%
Belgium148148149N/A0.3%
Germany14.910.913.7N/A-4.1%
United States9.49.46.6N/A-16.2%
Nepal26.523.923.3N/A-6.2%
Philippines24.413.727.4N/A6.0%
United Arab Emirates23.226.338.5N/A28.8%
Egypt31.130.135.0N/A6.1%
Indonesia17.822.727.5N/A24.3%
Others192170174N/A-4.8%
Total55551355582814.3%

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

  1. Myanmar (285.3K tons)

Imports of Tobacco, Unmanufactured; Tobacco Refuse in India

Tobacco, unmanufactured; tobacco refuse imports into India skyrocketed to 6.8K tons in 2022, rising by 32% on 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse imports dropped modestly to $17M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $20M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Tobacco, Unmanufactured; Tobacco Refuse in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar3.91.60.616.662.1%
China1.65.34.9N/A75.0%
Zimbabwe0.31.54.5N/A287.3%
Brazil1.71.41.7N/A0.0%
Others6.010.15.3N/A-6.0%
Total13.419.817.016.67.4%

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

  1. Myanmar (6.8K tons)

Source: IndexBox Market Intelligence Platform

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