Price for Tobacco; "Homogenised" or "Reconstituted" in the Philippines - 2023
Contents:
- Price for Tobacco; "Homogenised" or "Reconstituted" in the Philippines (FOB) - 2022
- Price for Tobacco; "Homogenised" or "Reconstituted" in the Philippines (CIF) - 2023
- Exports of Tobacco; "Homogenised" or "Reconstituted" in the Philippines
- Imports of Tobacco; "Homogenised" or "Reconstituted" in the Philippines
Price for Tobacco; "Homogenised" or "Reconstituted" in the Philippines (FOB) - 2022
In 2022, the average tobacco; "homogenised" or "reconstituted" export price amounted to $6,641 per ton, growing by 20% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco; "homogenised" or "reconstituted" export price increased by +15.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($10,437 per ton), while the average price for exports to Vietnam ($3,117 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 Thailand (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco; "Homogenised" or "Reconstituted" in the Philippines (CIF) - 2023
In June 2023, the average tobacco; "homogenised" or "reconstituted" import price amounted to $6,821 per ton, with a decrease of -13.7% against the previous month. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in November 2022 an increase of 182% month-to-month. The import price peaked at $11,166 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,655 per ton), while the price for Malaysia ($3,360 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tobacco; "Homogenised" or "Reconstituted" in the Philippines
In 2022, tobacco; "homogenised" or "reconstituted" exports from the Philippines skyrocketed to 11K tons, with an increase of 75% against the year before. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tobacco; "homogenised" or "reconstituted" exports soared to $72M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tobacco; "Homogenised" or "Reconstituted" in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 12.2 | 59.6 | 388.5% |
| Cambodia | 1.6 | 1.7 | 3.0 | 2.7 | 19.1% |
| South Korea | 1.0 | 7.9 | 9.8 | 2.7 | 39.2% |
| Japan | N/A | N/A | N/A | 2.4 | 0% |
| India | 5.1 | 3.7 | 6.3 | 1.4 | -35.0% |
| Vietnam | 2.2 | 0.4 | 0.3 | 1.1 | -20.6% |
| Malaysia | 20.1 | 5.5 | 0.1 | 0.2 | -78.5% |
| Lithuania | 4.9 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 3.4 | N/A | N/A | 0% |
| Others | 1.9 | 0.9 | 3.1 | 2.3 | 6.6% |
| Total | 36.8 | 23.4 | 34.6 | 72.4 | 25.3% |
Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from the Philippines in 2022:
- Malaysia (undefinedK tons)
- Thailand (8.8K tons)
- Cambodia (0.5K tons)
- South Korea (0.5K tons)
- Vietnam (0.4K tons)
- India (0.3K tons)
- Japan (0.2K tons)
Imports of Tobacco; "Homogenised" or "Reconstituted" in the Philippines
In 2022, the amount of tobacco; "homogenised" or "reconstituted"s imported into the Philippines expanded sharply to 6.5K tons, rising by 11% against the previous year. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year.
In value terms, tobacco; "homogenised" or "reconstituted" imports skyrocketed to $42M in 2022. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Tobacco; "Homogenised" or "Reconstituted" in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | 6.1 | 25.0 | 309.8% |
| Malaysia | 8.4 | 10.6 | 7.9 | 7.1 | -5.5% |
| Belgium | N/A | N/A | N/A | 3.4 | 0% |
| Russia | 19.1 | 1.7 | 11.1 | 3.2 | -44.9% |
| Germany | 0.6 | N/A | 0.2 | 1.5 | 35.7% |
| Switzerland | N/A | N/A | N/A | 0.7 | 0% |
| France | N/A | N/A | N/A | 0.4 | 0% |
| Marshall Islands | 1.1 | N/A | N/A | N/A | 0% |
| Others | 1.2 | N/A | 0.8 | 0.9 | -9.1% |
| Total | 30.3 | 12.4 | 26.0 | 42.2 | 11.7% |
Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to the Philippines in 2022:
- Malaysia (2403.1 tons)
- Japan (2138.4 tons)
- Belgium (900.1 tons)
- Russia (602.1 tons)
- Germany (196.0 tons)
- France (107.6 tons)
- Switzerland (107.2 tons)
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