Price for Tobacco, (Not Stemmed or Stripped) in Panama - 2023
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Panama (FOB) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in Panama (CIF) - 2022
- Exports of Tobacco, (Not Stemmed or Stripped) in Panama
- Imports of Tobacco, (Not Stemmed or Stripped) in Panama
Price for Tobacco, (Not Stemmed or Stripped) in Panama (FOB) - 2022
The average export price for tobacco, (not stemmed or stripped)s stood at $7,298 per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2017 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $7,397 per ton in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for Honduras.
From 2014 to 2022, the rate of growth in terms of prices for Free Zones amounted to +74.7% per year.
Price for Tobacco, (Not Stemmed or Stripped) in Panama (CIF) - 2022
The average import price for tobacco, (not stemmed or stripped)s stood at $4,532 per ton in 2022, falling by -10.6% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 6.2% against the previous year. Over the period under review, average import prices attained the peak figure at $5,415 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Nicaragua.
From 2014 to 2022, the rate of growth in terms of prices for Nicaragua amounted to -2.6% per year.
Exports of Tobacco, (Not Stemmed or Stripped) in Panama
After two years of decline, shipments abroad of tobacco, (not stemmed or stripped)s increased by 126% to 237 tons in 2022. Overall, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tobacco, (not stemmed or stripped) exports surged to $1.7M in 2022. In general, exports recorded prominent growth. 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 Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 982 | 811 | 726 | 1,699 | 20.0% |
| Brazil | N/A | 30.2 | 32.2 | 29.4 | -1.3% |
| Others | 34.9 | 14.2 | 15.7 | 0.3 | -79.5% |
| Total | 1,017 | 855 | 774 | 1,728 | 19.3% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Panama in 2022:
- Honduras (233.5 tons)
- Brazil (3.3 tons)
Imports of Tobacco, (Not Stemmed or Stripped) in Panama
Tobacco, (not stemmed or stripped) imports into Panama skyrocketed to 13 tons in 2022, picking up by 16% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, tobacco, (not stemmed or stripped) imports expanded to $58K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Tobacco, (Not Stemmed or Stripped) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 35.7 | 38.0 | 55.8 | 58.3 | 17.8% |
| Dominican Republic | 5.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 4.6 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 40.7 | 42.7 | 56.4 | 58.3 | 12.7% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Panama in 2022:
- Nicaragua (12.9 tons)
217
This report provides an in-depth analysis of the unmanufactured tobacco market in Panama.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
217
This report provides an in-depth analysis of the unmanufactured tobacco market in Panama.
2694
This report provides an in-depth analysis of the global unmanufactured tobacco market.
959
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the country with the largest volume of the unmanufactured tobacco output was China (X thousand tons), accounting for X% of global production.
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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
959
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
