Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea - 2022
Contents:
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (FOB) - 2022
- Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (CIF) - 2022
- Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea
- Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (FOB) - 2022
In 2022, the average export price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses amounted to $12 per thousand units, shrinking by -9.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 13%. The export price peaked at $17 per thousand units in 2017; however, from 2018 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 China ($24 per thousand units), while the average price for exports to Guatemala ($5.9 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (CIF) - 2022
In 2022, the average import price for cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses amounted to $13 per thousand units, with a decrease of -13.1% against the previous year. In general, the import price saw a pronounced setback. The pace of growth appeared the most rapid in 2015 an increase of 22% against the previous year. As a result, import price reached the peak level of $25 per thousand units. From 2016 to 2022, the average import prices remained at a lower figure.
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 Japan ($159 per thousand units), while the price for Taiwan (Chinese) ($12 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea
In 2022, the amount of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses exported from South Korea was estimated at 51B units, picking up by 2.3% against the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of 57B units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses shrank to $631M in 2022. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 13% against the previous year. As a result, the exports attained the peak of $838M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 98.9 | 231 | 156 | 170 | 19.8% |
| Japan | 240 | 193 | 147 | 153 | -13.9% |
| Thailand | 82.0 | 58.5 | 61.1 | 51.9 | -14.1% |
| Hong Kong SAR | 67.7 | 39.2 | 28.9 | 37.6 | -17.8% |
| Mongolia | 21.1 | 27.8 | 31.2 | 36.9 | 20.5% |
| Vietnam | 42.6 | 27.2 | 18.9 | 31.4 | -9.7% |
| Taiwan (Chinese) | 27.6 | 27.8 | 31.6 | 29.3 | 2.0% |
| Panama | 17.2 | 5.1 | 13.0 | 28.3 | 18.1% |
| China | 14.8 | 18.9 | 19.1 | 19.9 | 10.4% |
| Nigeria | 10.7 | 8.4 | 17.5 | 15.0 | 11.9% |
| Libya | 25.8 | 19.1 | 10.1 | 11.2 | -24.3% |
| Aruba | N/A | N/A | 4.7 | 9.6 | 104.3% |
| Guatemala | 1.5 | 2.6 | 3.5 | 6.4 | 62.2% |
| Others | 89.2 | 180 | 138 | 30.5 | -30.1% |
| Total | 739 | 838 | 680 | 631 | -5.1% |
Top Export Markets for Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes from South Korea in 2022:
- United Arab Emirates (12.0B units)
- Japan (11.5B units)
- Panama (4.1B units)
- Hong Kong SAR (3.0B units)
- Thailand (2.8B units)
- Taiwan (Chinese) (2.3B units)
- Mongolia (2.1B units)
- Vietnam (2.1B units)
- Nigeria (2.1B units)
- Aruba (1.5B units)
- Libya (1.3B units)
- Guatemala (1.1B units)
- China (0.8B units)
Imports of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea
In 2022, approx. 5.4B units of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses were imported into South Korea; growing by 28% compared with the previous year. The total import volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substituteses amounted to $71M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports attained the peak of $76M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 48.8 | 70.4 | 55.3 | 59.5 | 6.8% |
| Indonesia | 2.1 | 2.3 | 2.9 | 5.4 | 37.0% |
| Taiwan (Chinese) | N/A | N/A | 1.4 | 2.4 | 71.4% |
| Others | 5.7 | 3.2 | 3.6 | 3.3 | -16.7% |
| Total | 56.7 | 75.9 | 63.3 | 70.6 | 7.6% |
Top Suppliers of Cigars, Cheroots, Cigarillos and Cigarettes; of Tobacco or of Tobacco Substitutes to South Korea in 2022:
- Philippines (5.0B units)
- Taiwan (Chinese) (0.2B units)
- Indonesia (0.1B units)
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