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

Price for Tobacco, (Not Stemmed or Stripped) in Colombia (FOB) - 2022

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $4,064 per ton, reducing by -15.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. The export price peaked at $5,044 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Germany ($6,590 per ton), while the average price for exports to Poland ($1,798 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 Mexico (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $3,591 per ton, remaining constant against the previous year. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The import price peaked at $12,190 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +14.3% per year.

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

In 2022, overseas shipments of tobacco, (not stemmed or stripped)s increased by 34% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep reduction.

In value terms, tobacco, (not stemmed or stripped) exports expanded notably to $4.5M in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction.

Export of Tobacco, (Not Stemmed or Stripped) in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	726	536	896	1,877	37.2%
Dominican Republic	148	138	456	956	86.2%
Belgium	133	196	359	751	78.1%
Netherlands	354	219	194	601	19.3%
Poland	104	66.2	50.6	174	18.7%
Denmark	37.5	24.7	62.1	130	51.3%
Chile	N/A	2,824	549	N/A	-80.6%
Tunisia	N/A	N/A	590	N/A	0%
Mexico	3,664	750	N/A	N/A	-79.5%
Algeria	612	N/A	N/A	N/A	0%
Others	298	265	804	N/A	64.3%
Total	6,076	5,018	3,961	4,489	-9.6%

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

Belgium (293.2 tons)
Germany (284.9 tons)
Netherlands (224.9 tons)
Dominican Republic (158.3 tons)
Poland (96.6 tons)
Denmark (46.9 tons)

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

In 2022, purchases abroad of tobacco, (not stemmed or stripped)s decreased by -3% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 1.8K tons, and then contracted slightly in the following year.

In value terms, tobacco, (not stemmed or stripped) imports declined to $6.2M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 4.2% against the previous year.