Tobacco Refuse Price in Norway - 2022

Contents:

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

Tobacco Refuse Price in Norway (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $2,122 per ton, surging by 38% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco refuse export price increased by +63.5% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +7.9% per year.

Tobacco Refuse Price in Norway (CIF) - 2022

In 2022, the average tobacco refuse import price amounted to $890 per ton, picking up by 36% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs at $2,524 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($2,000 per ton), while the price for Sweden ($773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced a decline.

Tobacco Refuse Exports in Norway

In 2022, the amount of tobacco refuses exported from Norway shrank notably to 426 kg, with a decrease of -27.9% on 2021. Overall, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 35%. As a result, the exports reached the peak of 591 kg, and then contracted sharply in the following year.

In value terms, tobacco refuse exports dropped modestly to $904 in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 57%.

Top Export Markets for Tobacco Refuse from Norway in 2022:

1. Denmark (426.0 kg)

Tobacco Refuse Imports in Norway

After three years of growth, supplies from abroad of tobacco refuses decreased by -4.2% to 91 kg in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year.

In value terms, tobacco refuse imports skyrocketed to $81 in 2022. Over the period under review, imports recorded a abrupt decline.

Top Suppliers of Tobacco Refuse to Norway in 2022:

1. Sweden (75.0 kg)
2. Belgium (12.0 kg)
3. Denmark (4.0 kg)

Source: IndexBox Market Intelligence Platform