Price for Tobacco, (Not Stemmed or Stripped) in Kuwait - 2021
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Kuwait (CIF) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in Kuwait (FOB) - 2022
- Imports of Tobacco, (Not Stemmed or Stripped) in Kuwait
- Exports of Tobacco, (Not Stemmed or Stripped) in Kuwait
Price for Tobacco, (Not Stemmed or Stripped) in Kuwait (CIF) - 2022
In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $2,410 per ton, shrinking by -1.9% against the previous year. Overall, the import price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 102% against the previous year. Over the period under review, average import prices reached the maximum at $4,902 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Oman ($2,870 per ton), while the price for Egypt ($1,607 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Tobacco, (Not Stemmed or Stripped) in Kuwait (FOB) - 2022
In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $7,144 per ton, approximately equating the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of 25%. As a result, the export price reached the peak level of $14,879 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($66,794 per ton), while the average price for exports to Bahrain amounted to $4,986 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.2%).
Imports of Tobacco, (Not Stemmed or Stripped) in Kuwait
In 2022, imports of tobacco, (not stemmed or stripped)s into Kuwait soared to 32 tons, increasing by 160% on 2021 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 184% against the previous year. As a result, imports attained the peak of 51 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tobacco, (not stemmed or stripped) imports soared to $76K in 2022. Over the period under review, imports showed a strong increase.
| Import of Tobacco, (Not Stemmed or Stripped) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 35.7 | 93.1 | 18.2 | 51.1 | 12.7% |
| United Arab Emirates | 9.2 | 16.3 | 6.6 | 14.5 | 16.4% |
| Egypt | 6.3 | 10.7 | 4.1 | 8.3 | 9.6% |
| Others | 1.0 | 2.0 | 0.9 | 2.1 | 28.1% |
| Total | 52.2 | 122 | 29.8 | 76.0 | 13.3% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Kuwait in 2022:
- Oman (17.8 tons)
- United Arab Emirates (8.2 tons)
- Egypt (5.2 tons)
Exports of Tobacco, (Not Stemmed or Stripped) in Kuwait
In 2022, after three years of growth, there was decline in shipments abroad of tobacco, (not stemmed or stripped)s, when their volume decreased by -0.5% to 13 tons. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 1.1%.
In value terms, tobacco, (not stemmed or stripped) exports declined slightly to $89K in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 4.2% against the previous year. As a result, the exports attained the peak of $91K, and then declined in the following year.
| Export of Tobacco, (Not Stemmed or Stripped) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 63.5 | 63.9 | 64.1 | 60.2 | -1.8% |
| Saudi Arabia | 20.6 | 23.7 | 27.2 | 29.2 | 12.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 84.1 | 87.6 | 91.2 | 89.4 | 2.1% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Kuwait in 2022:
- Bahrain (12.1 tons)
- Saudi Arabia (0.4 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Kuwait.
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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 Kuwait.
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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.
