Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Ethiopia - 2022

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia (FOB) - 2022
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia (CIF) - 2022
3. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia
4. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia (FOB) - 2022

The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $10,330 per ton in 2022, picking up by 54% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 91% against the previous year. The export price peaked at $48,611 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($10,072 per ton), while the average price for exports to Malawi stood at $1,722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.4%).

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia (CIF) - 2022

The average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $14,260 per ton in 2022, with an increase of 12% against the previous year. In general, the import price posted a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by 73% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($261,000 per ton), while the price for the United Arab Emirates ($7,487 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+69.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia

In 2022, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s from Ethiopia dropped remarkably to 103 kg, which is down by -21.4% against the previous year's figure. Overall, exports recorded a significant curtailment.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s skyrocketed to $1.1K in 2022. In general, total exports indicated a significant expansion from 2020 to 2022: its value increased at an average annual rate of +23.7% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Ethiopia in 2022:

1. Germany (83.0 kg)
2. Malawi (18.0 kg)

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ethiopia

In 2022, overseas purchases of tobacco; other than "homogenised" or "reconstituted" or "smoking"s increased by 6.9% to 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable slump.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s skyrocketed to $195K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.6% 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 +89.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Ethiopia in 2022:

1. Tanzania (8.1 tons)
2. United Arab Emirates (5.5 tons)

Source: IndexBox Market Intelligence Platform