Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Hong Kong SAR - 2022
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (CIF) - 2022
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (FOB) - 2022
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $27,990 per ton, with a decrease of -21.7% against the previous year. Over the period under review, the import price, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 349%. As a result, import price attained the peak level of $62,662 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +4.1% per year.
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (FOB) - 2022
The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $30,028 per ton in 2022, shrinking by -10.6% against the previous year. Over the period under review, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 81%. The export price peaked at $33,576 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($46,695 per ton), while the average price for exports to Canada ($16,645 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 Ireland (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which decreased by -98.7% to 97 kg in 2022. Over the period under review, imports continue to indicate a sharp setback. The smallest decline of -33.5% was in 2020.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank significantly to $2.7K in 2022. Overall, imports showed a significant curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 199%. As a result, imports attained the peak of $809K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 22.9 | N/A | 2.5 | -67.0% |
| China | 37.3 | 515 | N/A | 0.3 | -80.0% |
| United States | 137 | N/A | 2.9 | N/A | -85.5% |
| India | 15.1 | 52.5 | 40.6 | N/A | 64.0% |
| United Arab Emirates | N/A | N/A | 4.4 | N/A | 0% |
| Brazil | 18.1 | 69.7 | 27.9 | N/A | 24.2% |
| Others | 63.9 | 149 | 187 | N/A | 71.1% |
| Total | 271 | 809 | 263 | 2.7 | -78.5% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Hong Kong SAR in 2022:
- Singapore (96.0 kg)
- China (1.0 kg)
Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR
After three years of growth, overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s decreased by -75% to 2.7 tons in 2022. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 27%.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s dropped remarkably to $81K in 2022. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 131% against the previous year.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | 61.5 | 95.4 | 38.3 | -21.1% |
| Indonesia | N/A | 114 | 67.5 | 15.5 | -63.1% |
| Canada | 23.0 | 7.6 | 10.7 | 11.2 | -21.3% |
| Malaysia | N/A | N/A | 18.7 | N/A | 0% |
| India | 44.4 | N/A | N/A | N/A | 0% |
| Iceland | N/A | N/A | 43.6 | N/A | 0% |
| Australia | N/A | 12.4 | N/A | N/A | 0% |
| Others | 32.6 | 34.7 | 125 | 15.9 | -21.3% |
| Total | 100 | 231 | 361 | 80.9 | -6.8% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Hong Kong SAR in 2022:
- Hungary (821.0 kg)
- Canada (671.0 kg)
- Indonesia (592.0 kg)
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