Price for Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR - 2022
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (FOB) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (CIF) - 2022
- Exports of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR
- Imports of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR
Price for Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (FOB) - 2022
The average export price for tobacco, (not stemmed or stripped)s stood at $6,558 per ton in 2022, waning by -6.6% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 270%. The export price peaked at $9,370 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($7,199 per ton), while the average price for exports to Canada totaled $2,064 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $4,183 per ton, remaining stable against the previous year. Over the period under review, the import price, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 an increase of 470%. As a result, import price reached the peak level of $16,805 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +29.8% per year.
Exports of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR
In 2022, exports of tobacco, (not stemmed or stripped)s from Hong Kong SAR dropped significantly to 26 tons, waning by -45.5% compared with the year before. Over the period under review, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 3,139% against the previous year.
In value terms, tobacco, (not stemmed or stripped) exports reduced markedly to $168K in 2022. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 5,328% against the previous year. As a result, the exports reached the peak of $329K, and then reduced dramatically in the following year.
| Export of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | 314 | 161 | -48.7% |
| Canada | 285 | 2.5 | 15.4 | 6.6 | -71.5% |
| Others | 18.3 | 3.6 | N/A | N/A | -80.3% |
| Total | 303 | 6.1 | 329 | 168 | -17.8% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Hong Kong SAR in 2022:
- Switzerland (22.4 tons)
- Canada (3.2 tons)
Imports of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR
In 2022, tobacco, (not stemmed or stripped) imports into Hong Kong SAR declined markedly to 39 tons, reducing by -44.4% compared with the year before. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,722% against the previous year. As a result, imports attained the peak of 70 tons, and then declined remarkably in the following year.
In value terms, tobacco, (not stemmed or stripped) imports shrank significantly to $162K in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 850% against the previous year. As a result, imports reached the peak of $294K, and then fell remarkably in the following year.
| Import of Tobacco, (Not Stemmed or Stripped) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 35.1 | N/A | 292 | 159 | 65.5% |
| Germany | N/A | 29.0 | N/A | N/A | 0% |
| Others | 2.7 | 2.0 | 2.1 | 3.2 | 5.8% |
| Total | 37.8 | 30.9 | 294 | 162 | 62.4% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Hong Kong SAR in 2022:
- Dominican Republic (38.3 tons)
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