Tobacco Refuse Price in Nigeria - 2022
Contents:
- Tobacco Refuse Price in Nigeria (CIF) - 2022
- Tobacco Refuse Price in Nigeria (FOB) - 2022
- Tobacco Refuse Imports in Nigeria
- Tobacco Refuse Exports in Nigeria
Tobacco Refuse Price in Nigeria (CIF) - 2022
The average tobacco refuse import price stood at $948 per ton in 2022, waning by -4.5% against the previous year. Overall, the import price showed a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $1,759 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,125 per ton), while the price for Switzerland ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-4.3%), while the prices for the other major suppliers experienced a decline.
Tobacco Refuse Price in Nigeria (FOB) - 2022
In 2022, the average tobacco refuse export price amounted to $594 per ton, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 43% against the previous year. As a result, the export price reached the peak level of $1,092 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($3,000 per ton), while the average price for exports to Niger stood at $581 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+5.9%).
Tobacco Refuse Imports in Nigeria
In 2022, the amount of tobacco refuses imported into Nigeria skyrocketed to 2K tons, surging by 42% compared with 2021. In general, imports, however, recorded a drastic downturn.
In value terms, tobacco refuse imports surged to $1.9M in 2022. Over the period under review, imports, however, saw a noticeable shrinkage.
| Import of Tobacco Refuse in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 513 | 524 | 321 | 681 | 9.9% |
| Belgium | 335 | 209 | 163 | 265 | -7.5% |
| Zimbabwe | 200 | 90.5 | 116 | 257 | 8.7% |
| Tanzania | 106 | 87.4 | 117 | 151 | 12.5% |
| China | 93.4 | 160 | 305 | 141 | 14.7% |
| India | 121 | 32.8 | 31.4 | 46.5 | -27.3% |
| Switzerland | 43.1 | 23.9 | 16.6 | 18.2 | -25.0% |
| United States | 85.8 | 59.6 | 8.7 | 9.7 | -51.6% |
| Others | 631 | 230 | 351 | 375 | -15.9% |
| Total | 2,128 | 1,417 | 1,430 | 1,944 | -3.0% |
Top Suppliers of Tobacco Refuse to Nigeria in 2022:
- Brazil (605.4 tons)
- Zimbabwe (311.0 tons)
- China (273.2 tons)
- Belgium (261.8 tons)
- Tanzania (136.6 tons)
- India (65.6 tons)
- Switzerland (47.4 tons)
- United States (10.0 tons)
Tobacco Refuse Exports in Nigeria
In 2022, shipments abroad of tobacco refuses was finally on the rise to reach 212 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous shrinkage.
In value terms, tobacco refuse exports amounted to $126 in 2022. Over the period under review, exports, however, showed a dramatic descent.
| Export of Tobacco Refuse in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 571 | 128 | 115 | 122 | -40.2% |
| Others | 7.0 | 4.0 | 3.0 | 4.0 | -17.0% |
| Total | 578 | 132 | 118 | 126 | -39.8% |
Top Export Markets for Tobacco Refuse from Nigeria in 2022:
- Niger (210.0 kg)
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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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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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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.
