Tobacco Refuse Price in Colombia - 2022

Contents:

  1. Tobacco Refuse Price in Colombia (FOB) - 2022
  2. Tobacco Refuse Price in Colombia (CIF) - 2022
  3. Tobacco Refuse Exports in Colombia
  4. Tobacco Refuse Imports in Colombia

Tobacco Refuse Price in Colombia (FOB) - 2022

The average tobacco refuse export price stood at $724 per ton in 2022, dropping by -13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 54%. As a result, the export price attained the peak level of $833 per ton, and then fell in the following year.

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 Brazil ($3,226 per ton), while the average price for exports to Venezuela ($262 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 Chile (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Refuse Price in Colombia (CIF) - 2022

In 2022, the average tobacco refuse import price amounted to $260 per ton, reducing by -10.4% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure at $422 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Malawi ($2,895 per ton), while the price for India ($50 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Tobacco Refuse Exports in Colombia

In 2022, overseas shipments of tobacco refuses were finally on the rise to reach 109 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp setback.

In value terms, tobacco refuse exports skyrocketed to $79K in 2022. In general, exports, however, saw a sharp decrease.

Export of Tobacco Refuse in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador12331.32.721.3-44.3%
Chile19436.22.215.5-56.9%
Honduras10625.22.115.0-47.9%
Venezuela16524.90.813.0-57.1%
Brazil34.39.30.97.2-40.6%
Netherlands41.98.00.53.1-58.0%
Philippines14.110.10.62.5-43.8%
Mexico171N/AN/AN/A0%
Others96.52.50.21.1-77.5%
Total94614810.078.8-56.3%

Top Export Markets for Tobacco Refuse from Colombia in 2022:

  1. Venezuela (49.6 tons)
  2. Chile (27.7 tons)
  3. Ecuador (14.4 tons)
  4. Honduras (5.4 tons)
  5. Netherlands (5.0 tons)
  6. Philippines (3.1 tons)
  7. Brazil (2.2 tons)

Tobacco Refuse Imports in Colombia

In 2022, supplies from abroad of tobacco refuses was finally on the rise to reach 135 tons after two years of decline. In general, imports, however, saw a sharp downturn.

In value terms, tobacco refuse imports surged to $35K in 2022. Overall, imports, however, faced a sharp downturn.

Import of Tobacco Refuse in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malawi49.112.32.58.8-43.6%
China55.712.82.47.6-48.5%
India61.511.71.84.8-57.3%
United States30.17.31.44.8-45.8%
Argentina7.51.70.31.0-48.9%
Dominican Republic0.80.20.20.94.0%
Paraguay5.51.30.20.8-47.4%
Brazil1223.80.20.5-84.0%
Others30.98.01.75.8-42.7%
Total36359.210.835.0-54.1%

Top Suppliers of Tobacco Refuse to Colombia in 2022:

  1. India (95.7 tons)
  2. China (18.2 tons)
  3. Dominican Republic (4.5 tons)
  4. United States (3.9 tons)
  5. Malawi (3.0 tons)
  6. Paraguay (2.4 tons)
  7. Argentina (2.1 tons)
  8. Brazil (1.1 tons)

Source: IndexBox Market Intelligence Platform

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