Price for Tobacco; "Homogenised" or "Reconstituted" in Panama - 2022
Contents:
- Price for Tobacco; "Homogenised" or "Reconstituted" in Panama (CIF) - 2022
- Price for Tobacco; "Homogenised" or "Reconstituted" in Panama (FOB) - 2022
- Imports of Tobacco; "Homogenised" or "Reconstituted" in Panama
- Exports of Tobacco; "Homogenised" or "Reconstituted" in Panama
Price for Tobacco; "Homogenised" or "Reconstituted" in Panama (CIF) - 2022
The average tobacco; "homogenised" or "reconstituted" import price stood at $28,102 per ton in 2022, growing by 72% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($53,174 per ton), while the price for the United States ($4,825 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 Arab Emirates (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; "Homogenised" or "Reconstituted" in Panama (FOB) - 2022
In 2022, the average tobacco; "homogenised" or "reconstituted" export price amounted to $5,570 per ton, almost unchanged from the previous year. Overall, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of 82%. Over the period under review, the average export prices attained the peak figure at $6,210 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
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 Costa Rica ($41,581 per ton), while the average price for exports to Guatemala ($323 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 Costa Rica (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; "Homogenised" or "Reconstituted" in Panama
In 2022, approx. 108 tons of tobacco; "homogenised" or "reconstituted"s were imported into Panama; with a decrease of -7.6% against 2021. Overall, imports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2021 with an increase of 443%. As a result, imports attained the peak of 117 tons, and then fell in the following year.
In value terms, tobacco; "homogenised" or "reconstituted" imports surged to $3M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 767%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Tobacco; "Homogenised" or "Reconstituted" in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 900 | 44.7 | 1,984 | 2,813 | 46.2% |
| United States | 49.1 | 89.6 | 126 | 176 | 53.0% |
| Mexico | N/A | 94.2 | N/A | N/A | 0% |
| Others | 28.0 | 19.6 | 41.7 | 45.3 | 17.4% |
| Total | 977 | 248 | 2,151 | 3,034 | 45.9% |
Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Panama in 2022:
- Dominican Republic (70.7 tons)
- United States (36.4 tons)
Exports of Tobacco; "Homogenised" or "Reconstituted" in Panama
In 2022, the amount of tobacco; "homogenised" or "reconstituted"s exported from Panama amounted to 1.6 tons, surging by 9.7% on the previous year's figure. In general, exports, however, recorded a dramatic decline.
In value terms, tobacco; "homogenised" or "reconstituted" exports rose rapidly to $8.8K in 2022. Overall, exports, however, faced a dramatic contraction.
| Export of Tobacco; "Homogenised" or "Reconstituted" in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 7.6 | 2.7 | 3.2 | 3.9 | -19.9% |
| Chile | 15.1 | 2.3 | 2.1 | 1.9 | -49.9% |
| Trinidad and Tobago | 1.2 | 0.8 | 1.0 | 1.2 | 0.0% |
| Aruba | 1.6 | 1.0 | 1.1 | 1.2 | -9.1% |
| United States | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Colombia | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Guatemala | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 26.3 | 7.3 | 8.0 | 8.8 | -30.6% |
Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from Panama in 2022:
- Chile (542.0 kg)
- Trinidad and Tobago (355.0 kg)
- Aruba (333.0 kg)
- United States (102.0 kg)
- Costa Rica (93.0 kg)
- Guatemala (65.0 kg)
- Colombia (62.0 kg)
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