Price for Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic - 2023
Contents:
- Price for Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (FOB) - 2023
- Price for Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (CIF) - 2023
- Exports of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic
- Imports of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic
Price for Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (FOB) - 2023
The average tobacco; "homogenised" or "reconstituted" export price stood at $15,689 per ton in March 2023, dropping by -7.8% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 48% month-to-month. Over the period under review, the average export prices attained the peak figure at $22,296 per ton in December 2022; however, from January 2023 to March 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($89,073 per ton), while the average price for exports to the United States ($11,205 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (CIF) - 2023
In March 2023, the average tobacco; "homogenised" or "reconstituted" import price amounted to $19,615 per ton, increasing by 24% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($19,942 per ton), while the price for the Netherlands amounted to $17,596 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic
In 2022, the amount of tobacco; "homogenised" or "reconstituted"s exported from the Dominican Republic rose to 2K tons, with an increase of 4.9% on the previous year's figure. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +41.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, tobacco; "homogenised" or "reconstituted" exports amounted to $30M in 2022. In general, exports, however, showed a relatively flat trend pattern.
| Export of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.6 | 27.5 | 22.6 | 23.2 | -5.6% |
| Panama | 0.9 | 0.7 | 2.1 | 2.4 | 38.7% |
| Colombia | 0.4 | 1.3 | 1.5 | 1.7 | 62.0% |
| Chile | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Mexico | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 1.1 | 1.1 | 1.5 | 1.6 | 13.3% |
| Total | 30.6 | 31.1 | 28.5 | 29.8 | -0.9% |
Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from the Dominican Republic in 2022:
- United States (1707.6 tons)
- Panama (97.3 tons)
- Colombia (60.0 tons)
- Mexico (40.1 tons)
- Chile (32.7 tons)
Imports of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic
In 2022, overseas purchases of tobacco; "homogenised" or "reconstituted"s were finally on the rise to reach 879 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic curtailment.
In value terms, tobacco; "homogenised" or "reconstituted" imports reached $12M in 2022. Over the period under review, imports, however, showed a significant decline.
| Import of Tobacco; "Homogenised" or "Reconstituted" in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.9 | 11.7 | 6.6 | 10.5 | -31.0% |
| Indonesia | 0.1 | 0.4 | 0.7 | 0.3 | 44.2% |
| Germany | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Mexico | 0.6 | 0.5 | 0.4 | 0.2 | -30.7% |
| Others | 0.2 | 0.4 | 2.0 | 0.3 | 14.5% |
| Total | 32.7 | 13.0 | 10.0 | 11.5 | -29.4% |
Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to the Dominican Republic in 2022:
- United States (691.5 tons)
- Mexico (127.6 tons)
- Germany (22.5 tons)
- Indonesia (20.1 tons)
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