Tobacco Refuse Price in Lithuania - 2023

Contents:

1. Tobacco Refuse Price in Lithuania (CIF) - 2023
2. Tobacco Refuse Price in Lithuania (FOB) - 2022
3. Tobacco Refuse Imports in Lithuania
4. Tobacco Refuse Exports in Lithuania

Tobacco Refuse Price in Lithuania (CIF) - 2023

In September 2023, the average tobacco refuse import price amounted to $1,159 per ton, falling by -6.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices reached the maximum at $1,242 per ton in August 2023, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($1,513 per ton), while the price for China ($909 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Tobacco Refuse Price in Lithuania (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $827 per ton, approximately mirroring the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,230% against the previous year. Over the period under review, the average export prices attained the maximum at $2,380 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,096 per ton), while the average price for exports to Italy stood at $810 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+616.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Refuse Imports in Lithuania

In 2022, approx. 2.4K tons of tobacco refuses were imported into Lithuania; picking up by 24% against the year before. The total import volume increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco refuse imports surged to $2.1M in 2022. The total import value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tobacco Refuse to Lithuania in 2022:

1. Brazil (1209.0 tons)
2. China (575.8 tons)
3. Italy (374.6 tons)
4. Malawi (128.2 tons)
5. Netherlands (114.7 tons)
6. Belgium (14.0 tons)

Tobacco Refuse Exports in Lithuania

In 2022, after two years of decline, there was decline in overseas shipments of tobacco refuses, when their volume decreased by 0% to 60 tons. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, tobacco refuse exports stood at $50K in 2022. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Tobacco Refuse from Lithuania in 2022:

1. Italy (56.8 tons)
2. Poland (3.5 tons)

Source: IndexBox Market Intelligence Platform