Price for Tobacco, Unmanufactured; Tobacco Refuse in the Philippines - 2023
Contents:
- Price for Tobacco, Unmanufactured; Tobacco Refuse in the Philippines (CIF) - 2022
- Price for Tobacco, Unmanufactured; Tobacco Refuse in the Philippines (FOB) - 2022
- Imports of Tobacco, Unmanufactured; Tobacco Refuse in the Philippines
- Exports of Tobacco, Unmanufactured; Tobacco Refuse in the Philippines
Price for Tobacco, Unmanufactured; Tobacco Refuse in the Philippines (CIF) - 2022
The average tobacco, unmanufactured; tobacco refuse import price stood at $4,334 per ton in 2022, shrinking by -14.5% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $5,070 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($14,267 per ton), while the price for China ($2,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, Unmanufactured; Tobacco Refuse in the Philippines (FOB) - 2022
In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $4,369 per ton, surging by 3.8% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 135% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($6,823 per ton), while the average price for exports to Malaysia ($715 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 Germany (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco, Unmanufactured; Tobacco Refuse in the Philippines
In 2022, after two years of decline, there was significant growth in overseas purchases of tobacco, unmanufactured; tobacco refuses, when their volume increased by 19% to 56K tons. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tobacco, unmanufactured; tobacco refuse imports rose slightly to $243M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4.3% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Tobacco, Unmanufactured; Tobacco Refuse in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 37.1 | 13.5 | 30.1 | 57.7 | 15.9% |
| Belgium | 59.1 | 75.9 | 44.1 | 38.3 | -13.5% |
| China | 25.0 | 29.6 | 16.2 | 26.3 | 1.7% |
| Brazil | 24.3 | 22.2 | 17.8 | 23.7 | -0.8% |
| Indonesia | 6.1 | 7.4 | 17.8 | 16.3 | 38.8% |
| Bangladesh | 2.2 | 0.8 | 13.7 | 12.8 | 79.9% |
| Switzerland | 1.4 | 13.1 | 20.6 | 12.5 | 107.5% |
| Germany | 2.3 | 0.7 | 0.3 | 7.2 | 46.3% |
| Turkey | 2.6 | 1.0 | 3.2 | 4.8 | 22.7% |
| Zimbabwe | 2.9 | 1.0 | 5.9 | 4.4 | 14.9% |
| Thailand | 21.3 | 6.8 | 14.9 | 4.3 | -41.3% |
| Others | 45.6 | 68.2 | 53.5 | 34.6 | -8.8% |
| Total | 230 | 240 | 238 | 243 | 1.8% |
Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to the Philippines in 2022:
- India (17.0K tons)
- China (10.5K tons)
- Brazil (6.4K tons)
- Belgium (6.0K tons)
- Bangladesh (3.6K tons)
- Switzerland (2.4K tons)
- Zimbabwe (1.3K tons)
- Turkey (1.1K tons)
- Indonesia (1.1K tons)
- Germany (0.9K tons)
- Thailand (0.8K tons)
Exports of Tobacco, Unmanufactured; Tobacco Refuse in the Philippines
Tobacco, unmanufactured; tobacco refuse exports from the Philippines stood at 42K tons in 2022, leveling off at the previous year's figure. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, tobacco, unmanufactured; tobacco refuse exports expanded modestly to $184M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Tobacco, Unmanufactured; Tobacco Refuse 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 | 24.6 | 45.9 | 31.2 | 38.1 | 15.7% |
| Indonesia | 35.1 | 11.0 | 28.6 | 25.4 | -10.2% |
| Belgium | 10.7 | 6.3 | 7.0 | 11.6 | 2.7% |
| United States | 7.6 | 7.3 | 10.4 | 11.3 | 14.1% |
| South Korea | 32.9 | 25.0 | 25.2 | 7.8 | -38.1% |
| Taiwan (Chinese) | 6.6 | 13.9 | 21.8 | 6.0 | -3.1% |
| United Arab Emirates | 0.2 | 0.4 | N/A | 4.6 | 184.4% |
| Sweden | 2.1 | 1.3 | 1.1 | 4.2 | 26.0% |
| Netherlands | 1.5 | 0.1 | 0.1 | 3.2 | 28.7% |
| Germany | 2.4 | 0.2 | 6.3 | 3.2 | 10.1% |
| Malaysia | 2.9 | 0.7 | 0.7 | 1.2 | -25.5% |
| Egypt | 9.5 | 7.0 | N/A | N/A | -26.3% |
| Others | 30.1 | 25.5 | 43.0 | 27.1 | -3.4% |
| Total | 166 | 145 | 176 | 184 | 3.5% |
Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from the Philippines in 2022:
- Myanmar (7.8K tons)
- Indonesia (7.2K tons)
- Dominican Republic (5.6K tons)
- United States (3.6K tons)
- Belgium (3.1K tons)
- Taiwan (Chinese) (2.7K tons)
- South Korea (1.9K tons)
- Malaysia (1.7K tons)
- United Arab Emirates (1.3K tons)
- Netherlands (0.8K tons)
- Sweden (0.8K tons)
- Germany (0.8K tons)
715
This report provides an in-depth analysis of the unmanufactured tobacco market in the Philippines.
2597
This report provides an in-depth analysis of the global unmanufactured tobacco market.
715
This report provides an in-depth analysis of the unmanufactured tobacco market in the Philippines.
2597
This report provides an in-depth analysis of the global unmanufactured tobacco market.
928
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
1186
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.
1449
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
928
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
