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

Contents:

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

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

The average export price for tobacco, (not stemmed or stripped)s stood at $7,366 per ton in June 2023, falling by -7.8% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2022 an increase of 15% month-to-month. The export price peaked at $8,415 per ton in March 2023; however, from April 2023 to June 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 Germany ($9,636 per ton), while the average price for exports to the United Arab Emirates ($3,789 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In June 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $8,396 per ton, surging by 41% against the previous month. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Greece ($9,928 per ton), while the price for Indonesia ($4,455 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Serbia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of tobacco, (not stemmed or stripped)s decreased by -75.9% to 7.1K tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 2,000%. As a result, the exports attained the peak of 30K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tobacco, (not stemmed or stripped) exports fell significantly to $44M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,540%. As a result, the exports attained the peak of $221M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Tobacco, (Not Stemmed or Stripped) in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/A45.111.5-74.5%
EgyptN/A0.128.510.8939.2%
PhilippinesN/AN/A21.95.2-76.3%
Luxembourg2.472.14.74.523.3%
JapanN/AN/A13.32.9-78.2%
LebanonN/AN/A2.52.0-20.0%
Taiwan (Chinese)N/AN/A2.01.4-30.0%
Sri Lanka0.951.618.51.415.9%
VietnamN/A5.90.20.1-87.0%
Switzerland2.839.5N/AN/A1310.7%
SlovakiaN/A3.7N/AN/A0%
Netherlands1.320.512.5N/A210.1%
Others1.027.662.94.160.1%
Total8.422121244.073.7%

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

  1. Egypt (1937.8 tons)
  2. Russia (1436.0 tons)
  3. Luxembourg (951.3 tons)
  4. Philippines (885.8 tons)
  5. Japan (362.1 tons)
  6. Lebanon (324.8 tons)
  7. Taiwan (Chinese) (286.3 tons)
  8. Sri Lanka (99.1 tons)
  9. Vietnam (12.8 tons)
  10. Netherlands (6.4 tons)

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

In 2022, supplies from abroad of tobacco, (not stemmed or stripped)s decreased by -75.1% to 6.6K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 when imports increased by 446%. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco, (not stemmed or stripped) imports dropped rapidly to $36M in 2022. In general, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 501%. As a result, imports attained the peak of $198M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Tobacco, (Not Stemmed or Stripped) in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey11.47.216.65.3-22.5%
Brazil2.725.26.54.316.8%
Greece2.925.811.04.314.0%
Netherlands0.43.433.13.9113.6%
Indonesia2.610.36.22.4-2.6%
Malawi0.79.22.72.348.7%
Zimbabwe1.18.63.32.124.1%
North MacedoniaN/A12.22.01.7-62.7%
Germany0.214.74.11.7104.1%
India1.08.85.81.13.2%
Dominican Republic1.04.32.61.13.2%
Philippines0.12.10.10.9108.0%
Tanzania1.27.21.40.4-30.7%
Others7.758.962.44.6-15.8%
Total32.919815836.23.2%

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

  1. Turkey (906.0 tons)
  2. Brazil (730.3 tons)
  3. Netherlands (637.2 tons)
  4. Indonesia (613.4 tons)
  5. Greece (522.1 tons)
  6. Malawi (521.2 tons)
  7. Zimbabwe (413.3 tons)
  8. India (307.0 tons)
  9. Dominican Republic (286.9 tons)
  10. Germany (249.4 tons)
  11. North Macedonia (244.6 tons)
  12. Philippines (204.5 tons)
  13. Tanzania (82.3 tons)

Source: IndexBox Market Intelligence Platform

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