Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea - 2022

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea (CIF) - 2022
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea (CIF) - 2022

The average import price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $0.2 per unit in 2022, picking up by 3.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 7.5%. As a result, import price reached the peak level of $0.2 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($0.2 per unit) and the Philippines ($0.2 per unit), while the price for China ($0.2 per unit) and France ($0.2 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $0.1 per unit in 2022, dropping by -31% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 203% against the previous year. As a result, the export price attained the peak level of $0.4 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +16.7% per year.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea

Imports of lighters; pocket, cigarette, gas fuelled, non-refillables into South Korea surged to 13M units in 2022, rising by 38% against 2021. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables soared to $2.5M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +58.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to South Korea in 2022:

1. France (5.2M units)
2. China (4.7M units)
3. Vietnam (2.0M units)
4. Philippines (1.1M units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in South Korea

Exports of lighters; pocket, cigarette, gas fuelled, non-refillables from South Korea soared to 3.2K units in 2022, growing by 85% against the year before. Over the period under review, exports, however, recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year. As a result, the exports reached the peak of 200K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables skyrocketed to $373 in 2022. Overall, exports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 192%. As a result, the exports reached the peak of $51K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from South Korea in 2022:

1. Philippines (3.2K units)

Source: IndexBox Market Intelligence Platform