Price for Tobacco, (Not Stemmed or Stripped) in Denmark - 2023

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Denmark (CIF) - 2022
  2. Price for Tobacco, (Not Stemmed or Stripped) in Denmark (FOB) - 2022
  3. Imports of Tobacco, (Not Stemmed or Stripped) in Denmark
  4. Exports of Tobacco, (Not Stemmed or Stripped) in Denmark

Price for Tobacco, (Not Stemmed or Stripped) in Denmark (CIF) - 2022

The average import price for tobacco, (not stemmed or stripped)s stood at $6,843 per ton in 2022, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 an increase of 31%. As a result, import price reached the peak level of $8,086 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($20,432 per ton), while the price for North Macedonia ($4,497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Denmark (FOB) - 2022

The average export price for tobacco, (not stemmed or stripped)s stood at $27,020 per ton in 2022, picking up by 387% against the previous year. Overall, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($100,000 per ton), while the average price for exports to Switzerland amounted to $23,915 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+46.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tobacco, (Not Stemmed or Stripped) in Denmark

Tobacco, (not stemmed or stripped) imports into Denmark soared to 611 tons in 2022, jumping by 22% compared with 2021. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, (not stemmed or stripped) imports skyrocketed to $4.2M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tobacco, (Not Stemmed or Stripped) in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/A879838817-3.6%
NetherlandsN/AN/A0.4666166400.0%
Brazil1,372552347603-24.0%
Turkey215269N/A33716.2%
ZimbabweN/AN/AN/A3360%
North Macedonia352437473271-8.3%
Bangladesh13612122622317.9%
Malawi84.116163.412112.9%
Philippines50624427152.8-52.9%
Others44128450275419.6%
Total3,1062,9472,7214,18110.4%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Denmark in 2022:

  1. Greece (152.5 tons)
  2. Netherlands (115.5 tons)
  3. Brazil (79.3 tons)
  4. North Macedonia (60.3 tons)
  5. Zimbabwe (59.4 tons)
  6. Bangladesh (39.6 tons)
  7. Turkey (30.0 tons)
  8. Malawi (21.4 tons)
  9. Philippines (9.1 tons)

Exports of Tobacco, (Not Stemmed or Stripped) in Denmark

In 2022, approx. 49 kg of tobacco, (not stemmed or stripped)s were exported from Denmark; which is down by -95.7% compared with the previous year. Overall, exports faced a precipitous shrinkage. The smallest decline of -58.7% was in 2020.

In value terms, tobacco, (not stemmed or stripped) exports dropped remarkably to $1.3K in 2022. Over the period under review, exports showed a sharp shrinkage.

Export of Tobacco, (Not Stemmed or Stripped) in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland1.2N/A0.31.1-2.9%
ChinaN/AN/AN/A0.20%
Norway78.2N/AN/AN/A0%
Belgium12458.9N/AN/A-52.5%
Sri Lanka219N/AN/AN/A0%
United StatesN/A28.95.8N/A-79.9%
Others2.9N/A0.2N/A-73.7%
Total42587.86.31.3-85.5%

Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Denmark in 2022:

  1. Switzerland (47.0 kg)
  2. China (2.0 kg)

Source: IndexBox Market Intelligence Platform

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