Tobacco Refuse Price in the United States - 2023
Contents:
- Tobacco Refuse Price in the United States (CIF) - 2023
- Tobacco Refuse Price in the United States (FOB) - 2023
- Tobacco Refuse Imports in the United States
- Tobacco Refuse Exports in the United States
Tobacco Refuse Price in the United States (CIF) - 2023
In August 2023, the average tobacco refuse import price amounted to $551 per ton, shrinking by -15% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 19% m-o-m. Over the period under review, average import prices reached the maximum at $716 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Indonesia ($703 per ton), while the price for Tanzania ($480 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tobacco Refuse Price in the United States (FOB) - 2023
The average tobacco refuse export price stood at $1,047 per ton in August 2023, growing by 122% against the previous month. Over the period under review, export price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, tobacco refuse export price increased by +122.0% against July 2023 indices. Over the period under review, the average export prices hit record highs at $1,094 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($1,972 per ton), while the average price for exports to Mexico ($689 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Tobacco Refuse Imports in the United States
In 2022, approx. 17K tons of tobacco refuses were imported into the United States; shrinking by -7.1% on the year before. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 3.8%.
In value terms, tobacco refuse imports rose sharply to $11M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
| Import of Tobacco Refuse in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.6 | 5.3 | 5.7 | 4.7 | -18.2% |
| Indonesia | 0.2 | 0.1 | 1.4 | 1.6 | 100.0% |
| North Macedonia | 0.1 | N/A | N/A | 1.2 | 128.9% |
| India | 0.6 | N/A | 0.5 | 1.1 | 22.4% |
| Philippines | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Guatemala | 1.2 | 1.1 | 0.3 | 0.3 | -37.0% |
| Malawi | 0.3 | 0.2 | 0.5 | 0.2 | -12.6% |
| Germany | 0.5 | 0.3 | N/A | N/A | -40.0% |
| Others | 1.9 | 1.6 | 1.6 | 1.7 | -3.6% |
| Total | 13.6 | 8.8 | 10.3 | 11.4 | -5.7% |
Top Suppliers of Tobacco Refuse to the United States in 2022:
- Germany (undefinedK tons)
- Brazil (7.2K tons)
- Indonesia (2.5K tons)
- North Macedonia (1.7K tons)
- India (1.2K tons)
- Philippines (1.1K tons)
- Guatemala (0.8K tons)
- Malawi (0.3K tons)
Tobacco Refuse Exports in the United States
In 2022, shipments abroad of tobacco refuses decreased by -1.5% to 12K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tobacco refuse exports totaled $9.5M in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $17M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Tobacco Refuse in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 3.0 | 5.3 | 1.7 | 2.2 | -9.8% |
| Mexico | 3.6 | 4.4 | 1.9 | 2.0 | -17.8% |
| Switzerland | 3.2 | 2.6 | 2.4 | 1.7 | -19.0% |
| Canada | 1.2 | 1.3 | 1.0 | 0.8 | -12.6% |
| Belgium | 0.4 | 0.2 | N/A | 0.7 | 20.5% |
| France | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Netherlands | 0.2 | 0.6 | 0.1 | 0.3 | 14.5% |
| Russia | 0.8 | 0.8 | 0.5 | 0.1 | -50.0% |
| Others | 2.4 | 1.9 | 1.7 | 1.2 | -20.6% |
| Total | 15.0 | 17.2 | 9.4 | 9.5 | -14.1% |
Top Export Markets for Tobacco Refuse from the United States in 2022:
- Mexico (2.6K tons)
- Dominican Republic (2.5K tons)
- Switzerland (2.4K tons)
- Belgium (1.1K tons)
- Canada (1.0K tons)
- Netherlands (0.6K tons)
- France (0.6K tons)
- Russia (0.1K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in the U.S..
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in the U.S..
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
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