Price for Tobacco, Unmanufactured; Tobacco Refuse in Greece - 2023

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Greece (FOB) - 2023
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Greece (CIF) - 2022
  3. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Greece
  4. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Greece

Price for Tobacco, Unmanufactured; Tobacco Refuse in Greece (FOB) - 2023

In June 2023, the average tobacco, unmanufactured; tobacco refuse export price amounted to $7,625 per ton, increasing by 32% against the previous month. Over the period under review, export price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, tobacco, unmanufactured; tobacco refuse export price increased by +31.6% against May 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Canada ($12,486 per ton), while the average price for exports to Russia ($3,256 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Greece (CIF) - 2022

In 2022, the average tobacco, unmanufactured; tobacco refuse import price amounted to $4,638 per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $4,800 per ton in 2018; however, from 2019 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 Belgium ($6,144 per ton), while the price for India ($3,113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Greece

For the fourth consecutive year, Greece recorded growth in shipments abroad of tobacco, unmanufactured; tobacco refuses, which increased by 3.9% to 44K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, tobacco, unmanufactured; tobacco refuse exports totaled $239M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium49.553.349.953.22.4%
Bulgaria26.227.234.829.84.4%
Russia4.69.516.621.065.9%
Italy9.36.68.818.425.5%
United States10.410.121.713.89.9%
Egypt5.87.815.513.231.5%
Turkey0.5N/AN/A13.0196.2%
PolandN/A7.58.510.518.3%
Algeria4.26.84.77.923.4%
South Korea9.113.98.87.8-5.0%
AzerbaijanN/AN/A2.27.5240.9%
Hungary0.40.91.22.686.6%
Netherlands9.82.816.61.4-47.7%
Others30.337.746.038.68.4%
Total16018423523914.3%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Greece in 2022:

  1. Bulgaria (6.7K tons)
  2. Belgium (6.4K tons)
  3. Turkey (5.1K tons)
  4. Italy (3.6K tons)
  5. Russia (3.3K tons)
  6. Egypt (2.4K tons)
  7. Poland (1.6K tons)
  8. United States (1.6K tons)
  9. Hungary (1.6K tons)
  10. Algeria (1.5K tons)
  11. Azerbaijan (1.5K tons)
  12. South Korea (0.9K tons)
  13. Netherlands (0.2K tons)

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Greece

Tobacco, unmanufactured; tobacco refuse imports into Greece soared to 40K tons in 2022, jumping by 32% against the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse imports surged to $183M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +75.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
North Macedonia40.147.345.443.12.4%
Brazil17.217.124.530.821.4%
Italy3.96.13.712.547.4%
China4.22.62.812.242.7%
BelgiumN/A2.12.911.7136.0%
Serbia0.60.42.49.3149.3%
Bulgaria11.87.710.08.9-9.0%
IndiaN/AN/A0.68.71350.0%
Poland2.36.86.44.827.8%
BangladeshN/AN/A2.24.6109.1%
Zimbabwe1.53.20.24.443.1%
Argentina1.2N/A0.84.049.4%
Croatia1.2N/A0.43.846.8%
Others20.226.423.224.46.5%
Total10412012618320.7%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Greece in 2022:

  1. North Macedonia (7.5K tons)
  2. Brazil (6.0K tons)
  3. China (3.9K tons)
  4. Serbia (2.9K tons)
  5. Italy (2.8K tons)
  6. India (2.8K tons)
  7. Belgium (1.9K tons)
  8. Bulgaria (1.7K tons)
  9. Argentina (1.2K tons)
  10. Bangladesh (1.1K tons)
  11. Poland (1.0K tons)
  12. Zimbabwe (1.0K tons)
  13. Croatia (0.8K tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Tobacco, unmanufactured; tobacco refuse - Greece