Price for Tobacco, (Not Stemmed or Stripped) in Morocco - 2022

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Morocco (CIF) - 2022
  2. Price for Tobacco, (Not Stemmed or Stripped) in Morocco (FOB) - 2022
  3. Imports of Tobacco, (Not Stemmed or Stripped) in Morocco
  4. Exports of Tobacco, (Not Stemmed or Stripped) in Morocco

Price for Tobacco, (Not Stemmed or Stripped) in Morocco (CIF) - 2022

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $4,120 per ton, falling by -45.2% against the previous year. Overall, the import price, however, posted pronounced growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $8,749 per ton. From 2021 to 2022, the average 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 Thailand ($7,515 per ton), while the price for Brazil ($2,729 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Morocco (FOB) - 2022

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $1,655 per ton, which is down by -26.2% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.8%. The export price peaked at $7,036 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -0.5% per year.

Imports of Tobacco, (Not Stemmed or Stripped) in Morocco

In 2022, the amount of tobacco, (not stemmed or stripped)s imported into Morocco skyrocketed to 4.4K tons, rising by 8,677% against 2021 figures. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, (not stemmed or stripped) imports surged to $18M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tobacco, (Not Stemmed or Stripped) in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil92.315.149.57,036324.0%
Malawi41941.381.84,239116.3%
China17818.136.82,020124.7%
India24922.139.21,63487.2%
North Macedonia37.75.214.21,408234.3%
ThailandN/AN/AN/A1,1900%
Others1,17781.6155604-19.9%
Total2,15418337718,130103.4%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Morocco in 2022:

  1. Brazil (2578.5 tons)
  2. Malawi (653.4 tons)
  3. China (336.6 tons)
  4. India (307.3 tons)
  5. North Macedonia (237.6 tons)
  6. Thailand (158.4 tons)

Exports of Tobacco, (Not Stemmed or Stripped) in Morocco

In 2022, approx. 58 kg of tobacco, (not stemmed or stripped)s were exported from Morocco; which is down by -97.1% compared with 2021 figures. In general, exports showed a dramatic setback. The smallest decline of -83% was in 2020.

In value terms, tobacco, (not stemmed or stripped) exports shrank markedly to $96 in 2022. Over the period under review, exports faced a precipitous setback. The smallest decline of -85.3% was in 2021.

Export of Tobacco, (Not Stemmed or Stripped) in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany20530.24.50.1-92.1%
OthersN/AN/AN/AN/A0%
Total20530.24.50.1-92.1%

Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Morocco in 2022:

  1. Germany (58.0 kg)

Source: IndexBox Market Intelligence Platform

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