Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR - 2023

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR (CIF) - 2023
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for lighters; pocket, cigarette, gas fuelled, non-refillables amounted to $57.6 per thousand units, with a decrease of -53.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 108% m-o-m. Over the period under review, average import prices hit record highs at $124 per thousand units in October 2023, and then plummeted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Philippines ($342 per thousand units), while the price for China ($43.0 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $73 per thousand units in 2022, surging by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. As a result, the export price reached the peak level of $74 per thousand units. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($175 per thousand units), while the average price for exports to Panama ($50 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR

Imports of lighters; pocket, cigarette, gas fuelled, non-refillables into Hong Kong SAR fell dramatically to 100M units in 2022, waning by -37.6% against 2021 figures. In general, imports recorded a deep reduction. The smallest decline of -6.2% was in 2021. Imports peaked at 184M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables contracted remarkably to $7.3M in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports of hit record highs at $12M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to Hong Kong SAR in 2022:

1. China (85.5M units)
2. Philippines (11.1M units)
3. Malaysia (2.0M units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of lighters; pocket, cigarette, gas fuelled, non-refillables, which decreased by -33.8% to 94M units in 2022. Over the period under review, exports faced a abrupt downturn. The smallest decline of -8.2% was in 2020. Over the period under review, the exports of reached the maximum at 175M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables contracted rapidly to $6.9M in 2022. In general, exports showed a abrupt slump. The smallest decline of -8.4% was in 2021. Over the period under review, the exports of hit record highs at $12M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from Hong Kong SAR in 2022:

1. United States (66.9M units)
2. China (10.9M units)
3. Taiwan (Chinese) (6.8M units)
4. Panama (3.7M units)
5. Vietnam (2.0M units)
6. South Africa (1.3M units)

Source: IndexBox Market Intelligence Platform