Price for Tobacco, (Not Stemmed or Stripped) in South Africa - 2023

Contents:

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

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

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $3,027 per ton, which is down by -22.9% against the previous year. Over the period under review, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 18% against the previous year. The import price peaked at $4,176 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($4,281 per ton), while the price for Uganda ($2,666 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $6,949 per ton, growing by 74% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($14,624 per ton), while the average price for exports to Nigeria ($3,933 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco, (Not Stemmed or Stripped) in South Africa

In 2022, tobacco, (not stemmed or stripped) imports into South Africa skyrocketed to 1.3K tons, growing by 107% compared with the previous year's figure. Over the period under review, imports, however, saw a pronounced shrinkage.

In value terms, tobacco, (not stemmed or stripped) imports surged to $4M in 2022. Overall, imports, however, recorded a deep contraction.

Import of Tobacco, (Not Stemmed or Stripped) in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2,1091,5951,2441,843-4.4%
Brazil3041,9260.199948.7%
Philippines3301,395N/A81435.1%
Turkey1,162836762178-46.5%
Uganda225446N/A158-11.1%
United Arab Emirates8711,438N/AN/A65.1%
PakistanN/A253N/AN/A0%
Others2332104921.1-83.2%
Total5,2348,0982,4983,993-8.6%

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

  1. United Arab Emirates (undefined tons)
  2. India (637.2 tons)
  3. Brazil (316.8 tons)
  4. Philippines (263.1 tons)
  5. Uganda (59.4 tons)
  6. Turkey (41.6 tons)

Exports of Tobacco, (Not Stemmed or Stripped) in South Africa

In 2022, shipments abroad of tobacco, (not stemmed or stripped)s decreased by -39.2% to 152 tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a modest expansion. The growth pace was the most rapid in 2020 with an increase of 433%. As a result, the exports attained the peak of 765 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tobacco, (not stemmed or stripped) exports stood at $1.1M in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 309% against the previous year. As a result, the exports reached the peak of $3.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Tobacco, (Not Stemmed or Stripped) in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nigeria435230461402-2.6%
United StatesN/A16428333743.3%
Lesotho13819663.21431.2%
Dominican RepublicN/A1131211348.9%
NigerN/A2,340N/AN/A0%
KenyaN/A139N/AN/A0%
Others27027069.539.4-47.4%
Total8433,4529981,0557.8%

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

  1. Nigeria (102.2 tons)
  2. United States (23.0 tons)
  3. Lesotho (13.2 tons)
  4. Dominican Republic (11.9 tons)

Source: IndexBox Market Intelligence Platform

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