Tobacco Refuse Price in the Dominican Republic - 2023
Contents:
- Tobacco Refuse Price in the Dominican Republic (FOB) - 2022
- Tobacco Refuse Price in the Dominican Republic (CIF) - 2022
- Tobacco Refuse Exports in the Dominican Republic
- Tobacco Refuse Imports in the Dominican Republic
Tobacco Refuse Price in the Dominican Republic (FOB) - 2022
The average tobacco refuse export price stood at $2,340 per ton in 2022, reducing by -21.3% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 75%. The export price peaked at $2,974 per ton in 2021, and then declined rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($5,126 per ton), while the average price for exports to Colombia ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tobacco Refuse Price in the Dominican Republic (CIF) - 2022
The average tobacco refuse import price stood at $1,295 per ton in 2022, falling by -39.3% against the previous year. Overall, the import price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 281% against the previous year. The import price peaked at $6,272 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Mexico ($21,650 per ton), while the price for Nicaragua amounted to $710 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+35.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Tobacco Refuse Exports in the Dominican Republic
Tobacco refuse exports from the Dominican Republic shrank to 734 tons in 2022, with a decrease of -5.5% on the year before. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 99% against the previous year.
In value terms, tobacco refuse exports declined significantly to $1.7M in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 157% against the previous year.
| Export of Tobacco Refuse in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 475 | 544 | 1,395 | 913 | 24.3% |
| Spain | 342 | 214 | 213 | 353 | 1.1% |
| Germany | 73.2 | 96.6 | 309 | 261 | 52.8% |
| Switzerland | 77.5 | 19.2 | 74.1 | 99.4 | 8.6% |
| Netherlands | 276 | 12.1 | 55.1 | 68.5 | -37.2% |
| Colombia | N/A | 1.8 | N/A | 20.9 | 240.8% |
| Haiti | 1,669 | 3.1 | N/A | N/A | -99.8% |
| Belgium | 217 | N/A | 115 | N/A | -27.2% |
| Others | 1.8 | 8.4 | 149 | 1.7 | -1.9% |
| Total | 3,133 | 900 | 2,310 | 1,718 | -18.1% |
Top Export Markets for Tobacco Refuse from the Dominican Republic in 2022:
- United States (413.0 tons)
- Colombia (105.6 tons)
- Spain (68.9 tons)
- Germany (68.4 tons)
- Switzerland (41.0 tons)
- Netherlands (27.4 tons)
Tobacco Refuse Imports in the Dominican Republic
In 2022, overseas purchases of tobacco refuses were finally on the rise to reach 133 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a significant decline.
In value terms, tobacco refuse imports skyrocketed to $173K in 2022. In general, imports, however, saw a sharp downturn.
| Import of Tobacco Refuse in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | N/A | 4.9 | N/A | 92.0 | 333.3% |
| Mexico | N/A | 33.8 | N/A | 80.6 | 54.4% |
| United States | 4,801 | 2,364 | N/A | N/A | -50.8% |
| India | 134 | 91.0 | 54.3 | N/A | -36.3% |
| Bangladesh | 378 | 198 | N/A | N/A | -47.6% |
| Others | 48.9 | N/A | N/A | N/A | 0% |
| Total | 5,361 | 2,692 | 54.3 | 173 | -68.2% |
Top Suppliers of Tobacco Refuse to the Dominican Republic in 2022:
- Nicaragua (129.5 tons)
- Mexico (3.7 tons)
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