Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (CIF) - 2023
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (FOB) - 2023
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (CIF) - 2023
In September 2023, the average import price for tobacco; partly or wholly stemmed or stripped amounted to $7,154 per ton, with an increase of 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 27% against the previous month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10,939 per ton), while the price for Bangladesh ($4,344 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (FOB) - 2023
In September 2023, the average export price for tobacco; partly or wholly stemmed or stripped amounted to $4,175 per ton, waning by -28.2% against the previous month. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 110% m-o-m. The export price peaked at $7,929 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Thailand ($8,467 per ton), while the average price for exports to Argentina ($988 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines
Imports of tobacco; partly or wholly stemmed or stripped into the Philippines rose notably to 42K tons in 2022, picking up by 12% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of tobacco; partly or wholly stemmed or stripped stood at $198M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, imports reached the peak of $207M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 33.7 | 12.2 | 29.4 | 53.0 | 16.3% |
| Belgium | 57.7 | 74.4 | 43.9 | 38.1 | -12.9% |
| China | 22.4 | 24.4 | 13.3 | 20.5 | -2.9% |
| Brazil | 21.1 | 20.4 | 16.2 | 19.9 | -1.9% |
| Switzerland | 1.4 | 11.9 | 19.3 | 12.3 | 106.3% |
| Bangladesh | 1.9 | 0.7 | 13.5 | 12.2 | 85.9% |
| Germany | 1.4 | 0.6 | 0.3 | 7.2 | 72.6% |
| Thailand | 20.2 | 1.5 | 11.2 | 2.5 | -50.2% |
| Others | 21.9 | 60.5 | 45.6 | 32.1 | 13.6% |
| Total | 182 | 207 | 193 | 198 | 2.8% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to the Philippines in 2022:
- India (13.6K tons)
- Belgium (5.9K tons)
- China (5.3K tons)
- Brazil (4.6K tons)
- Bangladesh (3.1K tons)
- Switzerland (2.2K tons)
- Germany (0.9K tons)
- Thailand (0.5K tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines
In 2022, approx. 31K tons of tobacco; partly or wholly stemmed or stripped were exported from the Philippines; increasing by 2.1% compared with the year before. In general, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 19%.
In value terms, exports of tobacco; partly or wholly stemmed or stripped expanded remarkably to $141M in 2022. Over the period under review, exports, however, showed a mild decline.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 40.4 | 0% |
| Dominican Republic | 22.2 | 34.1 | 12.7 | 26.6 | 6.2% |
| Indonesia | 34.4 | 11.2 | 22.7 | 20.0 | -16.5% |
| United States | 7.5 | 7.5 | 10.8 | 7.5 | 0.0% |
| South Korea | 33.0 | 25.9 | 25.9 | 7.3 | -39.5% |
| Belgium | 10.8 | 6.4 | 4.6 | 7.2 | -12.6% |
| Thailand | N/A | N/A | 4.1 | 5.0 | 22.0% |
| United Arab Emirates | 0.2 | 0.4 | N/A | 4.6 | 184.4% |
| Sweden | 2.2 | 1.4 | 0.1 | 4.2 | 24.1% |
| Taiwan (Chinese) | 3.9 | 10.5 | 20.2 | 3.7 | -1.7% |
| Singapore | 2.1 | 2.5 | 2.5 | 1.8 | -5.0% |
| Malaysia | 1.6 | 0.3 | 0.4 | 0.9 | -17.5% |
| Egypt | 8.8 | 7.3 | N/A | N/A | -17.0% |
| Others | 21.2 | 15.3 | 27.2 | 11.6 | -18.2% |
| Total | 148 | 123 | 131 | 141 | -1.6% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from the Philippines in 2022:
- Myanmar (7.8K tons)
- Indonesia (5.7K tons)
- United States (3.0K tons)
- Dominican Republic (2.9K tons)
- Belgium (2.0K tons)
- South Korea (1.8K tons)
- United Arab Emirates (1.3K tons)
- Malaysia (1.1K tons)
- Sweden (0.8K tons)
- Taiwan (Chinese) (0.7K tons)
- Thailand (0.6K tons)
- Singapore (0.5K tons)
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