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

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Azerbaijan (FOB) - 2023
  2. Price for Tobacco, (Not Stemmed or Stripped) in Azerbaijan (CIF) - 2022
  3. Exports of Tobacco, (Not Stemmed or Stripped) in Azerbaijan
  4. Imports of Tobacco, (Not Stemmed or Stripped) in Azerbaijan

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

In July 2023, the average export price for tobacco, (not stemmed or stripped)s amounted to $2,817 per ton, growing by 32% against the previous month. Overall, export price indicated moderate growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.9% 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, (not stemmed or stripped) export price decreased by -12.0% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 54% m-o-m. As a result, the export price attained the peak level of $3,203 per ton. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Greece ($4,300 per ton), while the average price for exports to Russia ($1,600 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for tobacco, (not stemmed or stripped)s stood at $1,429 per ton in 2022, rising by 9.2% against the previous year. In general, the import price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 48%. The import price peaked at $4,111 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($4,002 per ton), while the price for Iran ($1,150 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After two years of decline, shipments abroad of tobacco, (not stemmed or stripped)s increased by 59% to 3.2K tons in 2022. In general, exports, however, saw a perceptible slump.

In value terms, tobacco, (not stemmed or stripped) exports soared to $6.8M in 2022. Overall, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tobacco, (Not Stemmed or Stripped) in Azerbaijan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3.82.31.85.412.4%
Belarus1.02.31.51.39.1%
Ukraine0.50.30.3N/A-22.5%
Others0.7N/A0.30.1-47.7%
Total6.04.83.96.84.3%

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

  1. Russia (2.8K tons)
  2. Belarus (0.3K tons)

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

In 2022, imports of tobacco, (not stemmed or stripped)s into Azerbaijan soared to 717 tons, jumping by 23% compared with the previous year's figure. In general, imports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 36%.

In value terms, tobacco, (not stemmed or stripped) imports skyrocketed to $1M in 2022. Overall, imports, however, saw a precipitous decrease.

Import of Tobacco, (Not Stemmed or Stripped) in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran773387604722-2.2%
Bulgaria16787.759.9166-0.2%
North Macedonia16914825.766.6-26.7%
Lebanon319N/AN/A48.2-46.7%
Turkey193101N/AN/A-47.7%
Brazil699102N/AN/A-85.4%
Others5120.274.520.9-65.6%
Total2,8328267641,024-28.8%

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

  1. Iran (627.8 tons)
  2. Bulgaria (46.2 tons)
  3. Lebanon (16.9 tons)
  4. North Macedonia (16.6 tons)

Source: IndexBox Market Intelligence Platform

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