Price for Tobacco; "Homogenised" or "Reconstituted" in Turkey - 2023

Contents:

1. Price for Tobacco; "Homogenised" or "Reconstituted" in Turkey (CIF) - 2023
2. Price for Tobacco; "Homogenised" or "Reconstituted" in Turkey (FOB) - 2022
3. Imports of Tobacco; "Homogenised" or "Reconstituted" in Turkey
4. Exports of Tobacco; "Homogenised" or "Reconstituted" in Turkey

Price for Tobacco; "Homogenised" or "Reconstituted" in Turkey (CIF) - 2023

In July 2023, the average tobacco; "homogenised" or "reconstituted" import price amounted to $4,965 per ton, growing by 24% against the previous month. Over the period under review, import price indicated a slight increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tobacco; "homogenised" or "reconstituted" import price decreased by +0.2% against April 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 38% month-to-month. The import price peaked in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($6,582 per ton), while the price for South Korea ($1,245 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; "Homogenised" or "Reconstituted" in Turkey (FOB) - 2022

The average tobacco; "homogenised" or "reconstituted" export price stood at $3,625 per ton in 2022, declining by -63.1% against the previous year. Over the period under review, the export price, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2021 an increase of 184% against the previous year. As a result, the export price attained the peak level of $9,830 per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($10,042 per ton), while the average price for exports to Germany ($1,293 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 South Korea (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco; "Homogenised" or "Reconstituted" in Turkey

Tobacco; "homogenised" or "reconstituted" imports into Turkey stood at 9.9K tons in 2022, surging by 9.1% against the previous year. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, tobacco; "homogenised" or "reconstituted" imports declined modestly to $34M 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 +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 70%. As a result, imports reached the peak of $36M, and then declined slightly in the following year.

Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Turkey in 2022:

1. Russia (3.7K tons)
2. Netherlands (2.5K tons)
3. France (2.3K tons)
4. Malaysia (0.7K tons)
5. United States (0.5K tons)
6. South Korea (0.2K tons)

Exports of Tobacco; "Homogenised" or "Reconstituted" in Turkey

Tobacco; "homogenised" or "reconstituted" exports from Turkey soared to 300 tons in 2022, with an increase of 893% against the previous year's figure. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tobacco; "homogenised" or "reconstituted" exports soared to $1.1M in 2022. Over the period under review, exports enjoyed temperate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from Turkey in 2022:

1. Germany (203.6 tons)
2. Russia (77.6 tons)
3. United States (17.5 tons)

Source: IndexBox Market Intelligence Platform