Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in Malaysia - 2024
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (CIF) - 2024
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (FOB) - 2022
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (CIF) - 2024
In January 2024, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $7,676 per ton, rising by 15% against the previous month. Overall, the import price, however, saw a mild curtailment. The growth pace was the most rapid in September 2023 an increase of 88% month-to-month. As a result, import price reached the peak level of $14,090 per ton. From October 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was India ($8,033 per ton), while the price for Nepal ($5,533 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (FOB) - 2022
The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $1,607 per ton in 2022, which is down by -55.2% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $8,576 per ton in 2014; however, from 2015 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 Pakistan ($8,852 per ton), while the average price for exports to the Czech Republic amounted to $922 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.1%), 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 Malaysia
For the third consecutive year, Malaysia recorded decline in supplies from abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, which decreased by -48.7% to 530 tons in 2022. Overall, imports recorded a precipitous contraction. The smallest decline of -21.4% was in 2020.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s fell markedly to $9.9M in 2022. Over the period under review, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2020 when imports increased by 8.3%. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 10.2 | 9.3 | 6.6 | 4.2 | -25.6% |
| Netherlands | N/A | 2.8 | 5.6 | 2.3 | -9.4% |
| India | 3.7 | 2.0 | 1.6 | 1.6 | -24.4% |
| Romania | N/A | N/A | 0.5 | 0.7 | 40.0% |
| Singapore | 0.9 | 0.7 | 0.2 | 0.4 | -23.7% |
| Vietnam | N/A | N/A | N/A | 0.3 | 0% |
| Nepal | N/A | 0.5 | 0.2 | 0.1 | -55.3% |
| United Arab Emirates | 0.1 | 0.2 | 0.5 | N/A | 123.6% |
| Italy | 3.8 | 5.1 | N/A | N/A | 34.2% |
| Others | 0.7 | 0.4 | 0.3 | 0.3 | -24.6% |
| Total | 19.4 | 21.0 | 15.5 | 9.9 | -20.1% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to Malaysia in 2022:
- India (152.8 tons)
- Singapore (113.4 tons)
- Switzerland (95.8 tons)
- Vietnam (46.0 tons)
- Romania (37.5 tons)
- Netherlands (29.2 tons)
- Nepal (23.6 tons)
Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, when their volume decreased by -99.6% to 1.9 tons. In general, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 446%. As a result, the exports reached the peak of 482 tons, and then reduced sharply in the following year.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s fell remarkably to $3K in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 474% against the previous year. As a result, the exports reached the peak of $1.7M, and then dropped rapidly in the following year.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.3 | 49.6 | 42.6 | 1.6 | -11.4% |
| Pakistan | 0.5 | N/A | N/A | 1.4 | 40.9% |
| Iraq | N/A | N/A | 170 | N/A | 0% |
| India | N/A | 93.8 | 42.6 | N/A | -54.6% |
| Kuwait | 124 | N/A | 430 | N/A | 86.2% |
| Singapore | 43.2 | N/A | N/A | N/A | 0% |
| Netherlands | 1.6 | 21.9 | 544 | N/A | 1743.9% |
| Saudi Arabia | 62.9 | N/A | N/A | N/A | 0% |
| Others | 77.9 | 136 | 499 | N/A | 153.1% |
| Total | 313 | 301 | 1,728 | 3.0 | -78.8% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from Malaysia in 2022:
- Czech Republic (1713.0 kg)
- Pakistan (162.0 kg)
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