Price for Tobacco; Partly or Wholly Stemmed or Stripped in the UK - 2023

Contents:

1. Price for Tobacco; Partly or Wholly Stemmed or Stripped in the UK (CIF) - 2022
2. Price for Tobacco; Partly or Wholly Stemmed or Stripped in the UK (FOB) - 2022
3. Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the UK
4. Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the UK

Price for Tobacco; Partly or Wholly Stemmed or Stripped in the UK (CIF) - 2022

The average import price for tobacco; partly or wholly stemmed or stripped stood at $11,511 per ton in 2022, jumping by 63% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tobacco; partly or wholly stemmed or stripped increased by +97.8% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($30,004 per ton), while the price for Italy ($6,226 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Partly or Wholly Stemmed or Stripped in the UK (FOB) - 2022

In 2022, the average export price for tobacco; partly or wholly stemmed or stripped amounted to $33,919 per ton, rising by 593% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($70,000 per ton), while the average price for exports to Spain totaled $29,950 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the UK

In 2022, after two years of decline, there was significant growth in supplies from abroad of tobacco; partly or wholly stemmed or stripped, when their volume increased by 41% to 27 tons. In general, imports, however, continue to indicate a sharp downturn.

In value terms, imports of tobacco; partly or wholly stemmed or stripped surged to $307K in 2022. Overall, imports, however, continue to indicate a precipitous slump.

Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to the UK in 2022:

1. Brazil (8.8 tons)
2. Netherlands (4.0 tons)
3. Pakistan (3.4 tons)
4. Philippines (2.2 tons)
5. Zimbabwe (1.6 tons)
6. India (1.2 tons)
7. Mozambique (1.2 tons)
8. United States (1.0 tons)
9. Italy (0.8 tons)
10. North Macedonia (0.7 tons)
11. France (0.6 tons)
12. Poland (0.4 tons)

Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the UK

In 2022, the amount of tobacco; partly or wholly stemmed or stripped exported from the UK declined rapidly to 222 kg, which is down by -97.6% on the year before. Over the period under review, exports recorded a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 163% against the previous year.

In value terms, exports of tobacco; partly or wholly stemmed or stripped dropped dramatically to $7.5K in 2022. In general, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 48%.

Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from the UK in 2022:

1. Spain (200.0 kg)
2. Switzerland (22.0 kg)

Source: IndexBox Market Intelligence Platform