Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Indonesia - 2022

Contents:

1. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia (CIF) - 2022
2. Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia (FOB) - 2022
3. Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia
4. Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia (CIF) - 2022

In March 2022, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $16,955 per ton, picking up by 38% against the previous month. Over the period under review, the import price enjoyed a measured increase. The growth pace was the most rapid in June 2021 an increase of 181% against the previous month. Over the period under review, average import prices hit record highs at $22,224 per ton in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was China ($146K per ton), while the price for the Philippines ($6,457 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia (FOB) - 2022

In March 2022, the average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $7,883 per ton, growing by 8.2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 29% m-o-m. As a result, the export price attained the peak level of $10,600 per ton. From November 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In March 2022, the countries with the highest prices were Papua New Guinea ($8,397 per ton) and Solomon Islands ($6,295 per ton), while the average price for exports to Samoa ($5,710 per ton) and Fiji ($5,710 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia

For the fourth year in a row, Indonesia recorded growth in purchases abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which increased by 19% to 2K tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s totaled $19M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +61.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Indonesia in 2022:

1. Philippines (1084.3 tons)
2. South Korea (710.0 tons)
3. Malaysia (79.2 tons)
4. Singapore (37.7 tons)

Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Indonesia

In 2022, shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s was finally on the rise to reach 1.8K tons after two years of decline. In general, exports, however, recorded a perceptible reduction.

In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s totaled $13M in 2022. Overall, exports, however, continue to indicate a dramatic curtailment.

Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Indonesia in 2022:

1. Papua New Guinea (1272.7 tons)
2. Solomon Islands (178.4 tons)
3. Fiji (116.1 tons)
4. Samoa (106.1 tons)
5. Singapore (49.7 tons)
6. South Korea (2.5 tons)

Source: IndexBox Market Intelligence Platform