Price for Tobacco; "Homogenised" or "Reconstituted" in Uruguay - 2021

Price for Tobacco; "Homogenised" or "Reconstituted" in Uruguay (CIF) - 2022

In 2022, the average tobacco; "homogenised" or "reconstituted" import price amounted to $4,018 per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $4,064 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +9.3% per year.

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

In 2022, the average tobacco; "homogenised" or "reconstituted" export price amounted to $6,758 per ton, shrinking by -19.4% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 9.4% against the previous year. The export price peaked at $11,504 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -5.2% per year.

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

In 2022, after two years of decline, there was significant decline in overseas purchases of tobacco; "homogenised" or "reconstituted"s, when their volume decreased by -30.3% to 13 tons. Over the period under review, imports continue to indicate a precipitous contraction.

In value terms, tobacco; "homogenised" or "reconstituted" imports shrank notably to $53K in 2022. In general, imports saw a sharp downturn. The smallest decline of -0.1% was in 2021.

Import of Tobacco; "Homogenised" or "Reconstituted" in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	144	69.5	36.7	52.7	-28.5%
Brazil	3.1	2.6	1.2	N/A	-37.8%
Others	N/A	4.4	38.4	N/A	772.7%
Total	147	76.4	76.4	52.7	-29.0%

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

France (13.1 tons)

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

For the fourth year in a row, Uruguay recorded growth in overseas shipments of tobacco; "homogenised" or "reconstituted"s, which increased by 15% to 2.4 tons in 2022. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco; "homogenised" or "reconstituted" exports dropped to $16K in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 18% against the previous year.