Price for Tobacco, Unmanufactured; Tobacco Refuse in Morocco - 2022

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Morocco (CIF) - 2022
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Morocco (FOB) - 2022
  3. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Morocco
  4. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Morocco

Price for Tobacco, Unmanufactured; Tobacco Refuse in Morocco (CIF) - 2022

The average tobacco, unmanufactured; tobacco refuse import price stood at $5,128 per ton in December 2022, rising by 149% against the previous month. Overall, import price indicated a prominent expansion from December 2021 to December 2022: its price increased at an average monthly rate of +5.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, tobacco, unmanufactured; tobacco refuse import price increased by +148.7% against November 2022 indices. Over the period under review, average import prices attained the peak figure at $5,386 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Guatemala ($6,942 per ton), while the price for Tanzania ($1,106 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Morocco (FOB) - 2022

In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $2,695 per ton, flattening at the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $6,765 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($6,824 per ton), while the average price for exports to the Netherlands ($695 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Morocco

In 2022, after two years of decline, there was significant growth in overseas purchases of tobacco, unmanufactured; tobacco refuses, when their volume increased by 216% to 12K tons. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse imports surged to $33M in 2022. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal10.38.17.112.15.5%
Brazil4.71.41.66.19.1%
Malawi1.01.71.42.433.9%
India2.80.70.51.7-15.3%
Mexico1.31.00.91.42.5%
North Macedonia0.10.70.31.1122.4%
France0.10.30.50.9108.0%
Lebanon0.10.20.50.8100.0%
Zimbabwe0.50.40.30.66.3%
Poland0.20.70.10.644.2%
Bulgaria0.90.20.30.5-17.8%
Tanzania0.10.2N/A0.10.0%
Zambia0.10.1N/A0.10.0%
Others3.92.82.45.08.6%
Total26.218.616.033.38.3%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Morocco in 2022:

  1. Brazil (4511.4 tons)
  2. Portugal (1701.1 tons)
  3. Malawi (820.0 tons)
  4. India (803.6 tons)
  5. North Macedonia (463.1 tons)
  6. Mexico (462.5 tons)
  7. Tanzania (451.8 tons)
  8. France (343.3 tons)
  9. Lebanon (256.3 tons)
  10. Poland (237.1 tons)
  11. Bulgaria (227.0 tons)
  12. Zambia (216.1 tons)
  13. Zimbabwe (215.7 tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Morocco

In 2022, overseas shipments of tobacco, unmanufactured; tobacco refuses increased by 817% to 186 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp downturn.

In value terms, tobacco, unmanufactured; tobacco refuse exports skyrocketed to $502K in 2022. Overall, exports, however, recorded a sharp reduction.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire18641225.12317.5%
France20035213.7199-0.2%
Taiwan (Chinese)76.616211.062.9-6.4%
Netherlands4.89.90.73.7-8.3%
Poland1,079N/AN/AN/A0%
Others64.712.34.54.6-58.6%
Total1,61194855.0502-32.2%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Morocco in 2022:

  1. Cote d'Ivoire (123.9 tons)
  2. France (46.0 tons)
  3. Taiwan (Chinese) (9.2 tons)
  4. Netherlands (5.3 tons)

Source: IndexBox Market Intelligence Platform

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