Price for Tobacco, (Not Stemmed or Stripped) in the Dominican Republic - 2023
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in the Dominican Republic (CIF) - 2023
- Price for Tobacco, (Not Stemmed or Stripped) in the Dominican Republic (FOB) - 2023
- Imports of Tobacco, (Not Stemmed or Stripped) in the Dominican Republic
- Exports of Tobacco, (Not Stemmed or Stripped) in the Dominican Republic
Price for Tobacco, (Not Stemmed or Stripped) in the Dominican Republic (CIF) - 2023
The average import price for tobacco, (not stemmed or stripped)s stood at $12,903 per ton in March 2023, with an increase of 28% against the previous month. In general, import price indicated a pronounced expansion from March 2022 to March 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, tobacco, (not stemmed or stripped) import price decreased by -14.1% against December 2022 indices. The growth pace was the most rapid in October 2022 an increase of 35% against the previous month. Over the period under review, average import prices reached the maximum at $15,012 per ton in December 2022; however, from January 2023 to March 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Honduras ($34,446 per ton), while the price for Bangladesh ($2,773 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Malawi (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in the Dominican Republic (FOB) - 2023
The average export price for tobacco, (not stemmed or stripped)s stood at $15,170 per ton in March 2023, reducing by -15.9% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 99% month-to-month. Over the period under review, the average export prices hit record highs at $22,469 per ton in November 2022; however, from December 2022 to March 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was China ($26,268 per ton), while the average price for exports to Belgium ($3,549 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco, (Not Stemmed or Stripped) in the Dominican Republic
In 2022, tobacco, (not stemmed or stripped) imports into the Dominican Republic skyrocketed to 37K tons, increasing by 51% on 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tobacco, (not stemmed or stripped) imports skyrocketed to $349M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. 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 the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.0 | 102 | 89.5 | 150 | 25.4% |
| Ecuador | 36.1 | 41.9 | 35.5 | 55.0 | 15.1% |
| Indonesia | 21.3 | 22.3 | 12.2 | 33.1 | 15.8% |
| Philippines | 4.4 | 22.1 | 7.6 | 28.1 | 85.5% |
| Honduras | 17.1 | 17.9 | 20.2 | 20.5 | 6.2% |
| India | 3.8 | 9.2 | 9.9 | 13.0 | 50.7% |
| Mexico | 5.2 | 8.0 | 7.2 | 9.8 | 23.5% |
| Nicaragua | 9.4 | 9.5 | 9.9 | 7.6 | -6.8% |
| Brazil | 6.2 | 6.0 | 4.7 | 6.9 | 3.6% |
| Bangladesh | 0.4 | 1.5 | 5.1 | 2.9 | 93.5% |
| Malawi | 6.0 | 4.6 | 2.2 | 0.7 | -51.1% |
| Others | 13.2 | 15.8 | 13.4 | 21.7 | 18.0% |
| Total | 199 | 261 | 217 | 349 | 20.6% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to the Dominican Republic in 2022:
- United States (10.8K tons)
- Philippines (7.3K tons)
- Indonesia (7.0K tons)
- India (3.9K tons)
- Ecuador (2.3K tons)
- Honduras (1.0K tons)
- Bangladesh (0.8K tons)
- Mexico (0.7K tons)
- Nicaragua (0.7K tons)
- Brazil (0.4K tons)
- Malawi (0.1K tons)
Exports of Tobacco, (Not Stemmed or Stripped) in the Dominican Republic
In 2022, the amount of tobacco, (not stemmed or stripped)s exported from the Dominican Republic soared to 12K tons, increasing by 32% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 219%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, tobacco, (not stemmed or stripped) exports soared to $141M in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 203%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Tobacco, (Not Stemmed or Stripped) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.2 | N/A | 46.1 | 171.6% |
| United States | 2.8 | 6.1 | 22.3 | 33.5 | 128.7% |
| Nicaragua | 4.2 | 4.0 | 18.0 | 16.7 | 58.4% |
| Honduras | 5.2 | 3.8 | 11.2 | 16.2 | 46.1% |
| Germany | 1.8 | 1.2 | 2.5 | 7.1 | 58.0% |
| Netherlands | 1.2 | 1.3 | 1.7 | 3.9 | 48.1% |
| Poland | N/A | N/A | 1.6 | 2.3 | 43.7% |
| Spain | 1.2 | 1.4 | 2.5 | 2.3 | 24.2% |
| Belgium | 2.0 | 1.5 | 0.6 | 1.4 | -11.2% |
| Algeria | N/A | N/A | N/A | 0.7 | 0% |
| Others | 8.0 | 3.2 | 11.5 | 11.3 | 12.2% |
| Total | 28.7 | 23.7 | 71.8 | 141 | 70.0% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from the Dominican Republic in 2022:
- United States (5.3K tons)
- China (1.7K tons)
- Nicaragua (1.0K tons)
- Honduras (0.9K tons)
- Poland (0.4K tons)
- Germany (0.4K tons)
- Belgium (0.4K tons)
- Algeria (0.3K tons)
- Spain (0.3K tons)
- Netherlands (0.2K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in the Dominican Republic.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in the Dominican Republic.
2390
This report provides an in-depth analysis of the global unmanufactured tobacco market.
840
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the country with the largest volume of the unmanufactured tobacco output was China (X thousand tons), accounting for X% of global production.
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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
840
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
