Price for Tobacco, (Not Stemmed or Stripped) in the Philippines - 2023
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in the Philippines (FOB) - 2022
- Price for Tobacco, (Not Stemmed or Stripped) in the Philippines (CIF) - 2023
- Exports of Tobacco, (Not Stemmed or Stripped) in the Philippines
- Imports of Tobacco, (Not Stemmed or Stripped) in the Philippines
Price for Tobacco, (Not Stemmed or Stripped) in the Philippines (FOB) - 2022
The average export price for tobacco, (not stemmed or stripped)s stood at $3,594 per ton in 2022, falling by -14.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 47%. As a result, the export price attained the peak level of $4,189 per ton, and then dropped in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($6,967 per ton), while the average price for exports to Taiwan (Chinese) ($1,123 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in the Philippines (CIF) - 2023
The average import price for tobacco, (not stemmed or stripped)s stood at $4,621 per ton in June 2023, with a decrease of -79.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 377% month-to-month. The import price peaked at $22,960 per ton in May 2023, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($39,806 per ton), while the price for China ($817 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco, (Not Stemmed or Stripped) in the Philippines
In 2022, tobacco, (not stemmed or stripped) exports from the Philippines rose sharply to 11K tons, with an increase of 12% on the year before. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, tobacco, (not stemmed or stripped) exports dropped modestly to $41M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 122% against the previous year. As a result, the exports attained the peak of $43M, and then declined slightly in the following year.
| Export of Tobacco, (Not Stemmed or Stripped) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 2.4 | 9.7 | 16.1 | 10.6 | 64.1% |
| Indonesia | 0.5 | N/A | 5.8 | 5.1 | 116.9% |
| Belgium | 0.2 | 0.1 | 2.3 | 4.3 | 178.1% |
| United States | 0.3 | 0.1 | 0.2 | 3.6 | 128.9% |
| Netherlands | 0.2 | N/A | 0.1 | 3.1 | 149.3% |
| Taiwan (Chinese) | 2.4 | 3.1 | 2.4 | 2.3 | -1.4% |
| Germany | N/A | N/A | 4.6 | 2.3 | -50.0% |
| Others | 10.1 | 6.2 | 11.2 | 9.6 | -1.7% |
| Total | 15.9 | 19.3 | 42.8 | 41.0 | 37.1% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from the Philippines in 2022:
- United States (3.0K tons)
- Taiwan (Chinese) (2.0K tons)
- Dominican Republic (1.5K tons)
- Indonesia (1.4K tons)
- Belgium (1.0K tons)
- Netherlands (0.8K tons)
- Germany (0.6K tons)
Imports of Tobacco, (Not Stemmed or Stripped) in the Philippines
In 2022, the amount of tobacco, (not stemmed or stripped)s imported into the Philippines surged to 5.2K tons, rising by 48% compared with the year before. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tobacco, (not stemmed or stripped) imports fell to $38M in 2022. In general, imports, however, saw a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of $40M, and then contracted in the following year.
| Import of Tobacco, (Not Stemmed or Stripped) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.7 | 6.1 | 8.1 | 13.2 | 52.8% |
| India | 2.2 | 0.1 | N/A | 3.2 | 13.3% |
| Brazil | 2.8 | 1.1 | 0.6 | 2.7 | -1.2% |
| Turkey | 0.9 | 0.2 | 1.9 | 2.4 | 38.7% |
| China | 1.9 | 2.7 | 0.5 | 1.9 | 0.0% |
| Thailand | 1.1 | 5.1 | 3.8 | 1.8 | 17.8% |
| Bangladesh | 0.2 | N/A | N/A | 0.6 | 44.2% |
| Zimbabwe | 2.2 | 0.4 | 0.4 | 0.3 | -48.5% |
| Dominican Republic | 8.1 | 1.9 | 1.3 | 0.3 | -66.7% |
| Switzerland | N/A | 1.2 | 1.2 | 0.1 | -71.1% |
| Others | 17.0 | 6.0 | 22.4 | 11.3 | -12.7% |
| Total | 40.0 | 24.9 | 40.1 | 37.8 | -1.9% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to the Philippines in 2022:
- India (1128.6 tons)
- Brazil (712.8 tons)
- Indonesia (702.6 tons)
- Turkey (534.4 tons)
- Bangladesh (408.1 tons)
- Zimbabwe (388.3 tons)
- China (371.9 tons)
- Thailand (332.6 tons)
- Switzerland (18.8 tons)
- Dominican Republic (17.6 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in the Philippines.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in the Philippines.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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Global unmanufactured tobacco consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the country with the largest volume of the unmanufactured tobacco output was China (X thousand tons), accounting for X% of global production.
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Brazil seized control of the tobacco market. In 2014, Brazil exported X thousand tons of tobacco totaling X million USD, X% under the previous year. Its primary trading partner was Belgium, where it supplied X% of its total tobacco exports in
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Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
