Tobacco Refuse Price in Morocco - 2022

Contents:

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

Tobacco Refuse Price in Morocco (CIF) - 2022

In 2022, the average tobacco refuse import price amounted to $1,469 per ton, with an increase of 75% against the previous year. Overall, the import price continues to indicate a prominent increase. As a result, import price reached 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 Bulgaria ($17,000 per ton), while the price for Brazil stood at $750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Tobacco Refuse Price in Morocco (FOB) - 2022

In 2021, the average tobacco refuse export price amounted to $2,710 per ton, leveling off at the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2020 when the average export price decreased by 99.9%. The export price peaked in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2015 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Tobacco Refuse Imports in Morocco

In 2022, imports of tobacco refuses into Morocco fell remarkably to 113 kg, dropping by -99.9% against the previous year. In general, imports faced a significant curtailment. The smallest decline of -12.1% was in 2021.

In value terms, tobacco refuse imports reduced dramatically to $166 in 2022. Overall, imports showed a sharp reduction. The smallest decline of -0.2% was in 2020.

Import of Tobacco Refuse in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil22.917.39.90.1-83.7%
BulgariaN/AN/AN/A0.10%
Malawi3.13.84.3N/A17.8%
China5.55.75.6N/A0.9%
Germany20.723.726.5N/A13.1%
France5.36.98.6N/A27.4%
India21.324.426.5N/A11.5%
Tanzania3.43.94.1N/A9.8%
Others3.70.10.1N/A-83.6%
Total86.085.885.60.2-86.8%

Top Suppliers of Tobacco Refuse to Morocco in 2022:

  1. Brazil (108.0 kg)
  2. Bulgaria (5.0 kg)

Tobacco Refuse Exports in Morocco

In 2021, the amount of tobacco refuses exported from Morocco totaled 20 tons, approximately reflecting the previous year. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, tobacco refuse exports totaled $55K in 2021. In general, exports showed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Export of Tobacco Refuse in Morocco (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
SenegalN/AN/A55.00%
Russia2.7N/AN/A0%
OthersN/AN/AN/A0%
Total2.7N/A55.0351.3%

Top Export Markets for Tobacco Refuse from Morocco in 2022:

  1. Senegal (20.3 tons)

Source: IndexBox Market Intelligence Platform

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