Tobacco Refuse Price in South Africa - 2023

Contents:

1. Tobacco Refuse Price in South Africa (CIF) - 2023
2. Tobacco Refuse Price in South Africa (FOB) - 2022
3. Tobacco Refuse Imports in South Africa
4. Tobacco Refuse Exports in South Africa

Tobacco Refuse Price in South Africa (CIF) - 2023

In July 2023, the average tobacco refuse import price amounted to $468 per ton, which is down by -38.5% against the previous month. Overall, import price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tobacco refuse import price decreased by -38.5% against June 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 100% month-to-month. As a result, import price attained the peak level of $810 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Zambia ($574 per ton), while the price for Zimbabwe stood at $414 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Zambia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Tobacco Refuse Price in South Africa (FOB) - 2022

In 2022, the average tobacco refuse export price amounted to $261 per ton, dropping by -89.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 387%. The export price peaked at $2,761 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($1,201 per ton), while the average price for exports to the United States ($182 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 Lesotho (+1.8%), while the prices for the other major destinations experienced a decline.

Tobacco Refuse Imports in South Africa

In 2022, tobacco refuse imports into South Africa amounted to 8K tons, growing by 1.9% compared with the year before. Overall, imports, however, continue to indicate a pronounced slump.

In value terms, tobacco refuse imports shrank to $4M in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.3%.

Top Suppliers of Tobacco Refuse to South Africa in 2022:

1. India (undefinedK tons)
2. Zimbabwe (6.4K tons)
3. Zambia (1.1K tons)
4. Brazil (0.4K tons)

Tobacco Refuse Exports in South Africa

In 2022, approx. 83 tons of tobacco refuses were exported from South Africa; dropping by -62.1% on 2021. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 773%. As a result, the exports reached the peak of 218 tons, and then fell markedly in the following year.

In value terms, tobacco refuse exports reduced rapidly to $22K in 2022. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 1,015% against the previous year. As a result, the exports reached the peak of $563K, and then declined markedly in the following year.

Top Export Markets for Tobacco Refuse from South Africa in 2022:

1. United States (73.6 tons)
2. Lesotho (4.7 tons)
3. United Arab Emirates (4.0 tons)

Source: IndexBox Market Intelligence Platform