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

Contents:

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

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

The average import price for tobacco, (not stemmed or stripped)s stood at $5,750 per ton in May 2023, growing by 3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 5.9% against the previous month. Over the period under review, average import prices attained the peak figure in May 2023.

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

From May 2022 to May 2023, the rate of growth in terms of prices for Belgium amounted to +1.9% per month.

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

The average export price for tobacco, (not stemmed or stripped)s stood at $3,422 per ton in 2022, which is down by -28.1% against the previous year. In general, the export price showed a perceptible setback. The growth pace was the most rapid in 2013 an increase of 97% against the previous year. The export price peaked at $14,000 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -5.7% per year.

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

In 2022, supplies from abroad of tobacco, (not stemmed or stripped)s increased by 69% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage.

In value terms, tobacco, (not stemmed or stripped) imports surged to $9.5M in 2022. In general, imports, however, recorded a abrupt decline.

Import of Tobacco, (Not Stemmed or Stripped) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2,7392,7351,1402,582-1.9%
North Macedonia1,8692,4102,1082,4519.5%
Uganda7271,3923018806.6%
Greece7108128538225.0%
Indonesia37858317455913.9%
Brazil717674146517-10.3%
Bulgaria4575294514570.0%
Hungary2751613112972.6%
Argentina12120157.619417.0%
Malawi323629226172-18.9%
Italy80816620.0141-44.1%
Belgium2,967852610138-64.0%
Others285460242272-1.5%
Total12,37411,6066,6429,483-8.5%

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

  1. India (648.8 tons)
  2. North Macedonia (424.9 tons)
  3. Uganda (212.0 tons)
  4. Greece (166.7 tons)
  5. Indonesia (131.3 tons)
  6. Brazil (100.4 tons)
  7. Bulgaria (91.6 tons)
  8. Hungary (76.2 tons)
  9. Argentina (43.9 tons)
  10. Malawi (37.0 tons)
  11. Italy (27.5 tons)
  12. Belgium (26.2 tons)

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

Tobacco, (not stemmed or stripped) exports from Luxembourg fell markedly to 1.4 tons in 2022, which is down by -92.4% on the year before. In general, exports saw a significant decrease. The smallest decline of -38.1% was in 2021.

In value terms, tobacco, (not stemmed or stripped) exports dropped sharply to $4.8K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The smallest decline of -52.6% was in 2021.

Export of Tobacco, (Not Stemmed or Stripped) in Luxembourg (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
HungaryN/A88.24.8-94.6%
Belgium186N/AN/A0%
OthersN/AN/AN/A0%
Total18688.24.8-83.9%

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

  1. Hungary (1.4 tons)

Source: IndexBox Market Intelligence Platform

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