Price for Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria - 2022
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria (CIF) - 2022
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria (CIF) - 2022
The average import price for tobacco; partly or wholly stemmed or stripped stood at $4,397 per ton in June 2022, which is down by -13.4% against the previous month. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in August 2021 an increase of 106% month-to-month. Over the period under review, average import prices hit record highs at $7,973 per ton in October 2021; however, from November 2021 to June 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($6,158 per ton), while the price for the United States ($1,097 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria
Imports of tobacco; partly or wholly stemmed or stripped into Nigeria soared to 31K tons in 2022, with an increase of 96% compared with 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tobacco; partly or wholly stemmed or stripped skyrocketed to $131M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.5 | 21.0 | 11.1 | 44.1 | 36.1% |
| Brazil | 43.8 | 66.0 | 21.2 | 39.8 | -3.1% |
| Germany | 34.6 | 23.5 | 25.4 | 22.3 | -13.6% |
| South Africa | 0.6 | 0.2 | 5.5 | 12.1 | 172.2% |
| Zimbabwe | 2.3 | 0.4 | 1.0 | 5.5 | 33.7% |
| China | 0.8 | 1.3 | 1.7 | 3.1 | 57.1% |
| United States | 1.0 | 0.9 | 0.8 | 0.8 | -7.2% |
| Others | 6.0 | 5.2 | 7.0 | 3.4 | -17.2% |
| Total | 107 | 119 | 73.6 | 131 | 7.0% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Nigeria in 2022:
- Brazil (11.2K tons)
- India (9.7K tons)
- Germany (2.8K tons)
- South Africa (2.4K tons)
- China (1.8K tons)
- Zimbabwe (1.4K tons)
- United States (0.6K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Nigeria.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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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
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
