Price for Tobacco, Unmanufactured; Tobacco Refuse in Ghana - 2022

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Ghana (CIF) - 2022
  2. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Ghana

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

The average tobacco, unmanufactured; tobacco refuse import price stood at $7,104 per ton in 2022, jumping by 44% against the previous year. Overall, the import price enjoyed a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($8,797 per ton), while the price for India stood at $189 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+6.6%).

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Ghana

For the third consecutive year, Ghana recorded decline in purchases abroad of tobacco, unmanufactured; tobacco refuses, which decreased by -8.7% to 15 tons in 2022. Overall, imports recorded a abrupt decrease. The smallest decline of -5.6% was in 2020.

In value terms, tobacco, unmanufactured; tobacco refuse imports skyrocketed to $85K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nigeria46.157.368.582.421.4%
India1.81.51.31.1-15.1%
Others1.40.51.41.88.7%
Total49.459.371.185.420.0%

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

  1. Nigeria (9.4 tons)
  2. India (5.7 tons)

Source: IndexBox Market Intelligence Platform

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