Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Ireland - 2023

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland (CIF) - 2022
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland (FOB) - 2022
3. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland
4. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland (CIF) - 2022

In 2022, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $21,212 per ton, with an increase of 31% against the previous year. Over the period under review, the import price saw prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 75%. As a result, import price reached the peak level of $26,614 per ton. From 2020 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 Poland ($29,245 per ton), while the price for the UK ($19,407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+60.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland (FOB) - 2022

In 2022, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $33,317 per ton, which is down by -52.9% against the previous year. Overall, the export price, however, recorded mild growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,013% against the previous year. Over the period under review, the average export prices attained the maximum at $70,766 per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($82,422 per ton), while the average price for exports to India ($14,744 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 Australia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland

In 2022, the amount of tobacco; other than "homogenised" or "reconstituted" or "smoking"s imported into Ireland skyrocketed to 80 tons, increasing by 321% compared with 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s skyrocketed to $1.7M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Ireland in 2022:

1. United Kingdom (66.1 tons)
2. Poland (14.1 tons)

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Ireland

For the fourth year in a row, Ireland recorded growth in overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which increased by 121% to 23 tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5,325% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s reached $771K in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 32,457% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Ireland in 2022:

1. Egypt (16.6 tons)
2. United Arab Emirates (6.4 tons)

Source: IndexBox Market Intelligence Platform