Price for Tobacco, Unmanufactured; Tobacco Refuse in South Korea - 2022
Contents:
- Price for Tobacco, Unmanufactured; Tobacco Refuse in South Korea (CIF) - 2022
- Price for Tobacco, Unmanufactured; Tobacco Refuse in South Korea (FOB) - 2022
- Imports of Tobacco, Unmanufactured; Tobacco Refuse in South Korea
- Exports of Tobacco, Unmanufactured; Tobacco Refuse in South Korea
Price for Tobacco, Unmanufactured; Tobacco Refuse in South Korea (CIF) - 2022
In December 2022, the average tobacco, unmanufactured; tobacco refuse import price amounted to $4,671 per ton, waning by -19.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 35% m-o-m. As a result, import price reached the peak level of $5,996 per ton. From July 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($10,566 per ton), while the price for China ($774 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco, Unmanufactured; Tobacco Refuse in South Korea (FOB) - 2022
In 2022, the average tobacco, unmanufactured; tobacco refuse export price amounted to $6,632 per ton, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 22% against the previous year. The export price peaked at $7,116 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 Russia ($7,992 per ton), while the average price for exports to Malaysia ($2,106 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 Malaysia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco, Unmanufactured; Tobacco Refuse in South Korea
In 2022, approx. 48K tons of tobacco, unmanufactured; tobacco refuses were imported into South Korea; picking up by 10% compared with the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 11%. As a result, imports reached the peak of 53K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tobacco, unmanufactured; tobacco refuse imports rose rapidly to $215M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Tobacco, Unmanufactured; Tobacco Refuse in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 59.8 | 60.6 | 50.8 | 54.9 | -2.8% |
| United States | 26.0 | 30.9 | 28.5 | 27.8 | 2.3% |
| India | 30.2 | 30.3 | 25.0 | 27.4 | -3.2% |
| Tanzania | 19.1 | 17.6 | 11.7 | 15.5 | -6.7% |
| Malawi | 19.0 | 15.9 | 7.9 | 13.8 | -10.1% |
| Zimbabwe | 9.6 | 11.2 | 9.0 | 9.5 | -0.3% |
| Greece | 7.2 | 12.2 | 8.9 | 9.1 | 8.1% |
| China | 5.1 | 6.9 | 8.0 | 7.9 | 15.7% |
| Turkey | 6.6 | 7.3 | 7.6 | 7.4 | 3.9% |
| Philippines | 4.7 | 6.4 | 6.9 | 6.8 | 13.1% |
| Mozambique | 3.2 | 5.1 | 5.7 | 5.6 | 20.5% |
| Thailand | 2.5 | 2.0 | 4.7 | 4.6 | 22.5% |
| Argentina | 6.0 | 4.1 | 2.1 | 3.9 | -13.4% |
| Others | 21.7 | 25.4 | 17.1 | 20.8 | -1.4% |
| Total | 221 | 236 | 194 | 215 | -0.9% |
Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to South Korea in 2022:
- Brazil (13.2K tons)
- India (7.2K tons)
- Tanzania (3.8K tons)
- United States (3.7K tons)
- China (3.7K tons)
- Malawi (3.2K tons)
- Philippines (2.2K tons)
- Zimbabwe (2.1K tons)
- Greece (1.2K tons)
- Mozambique (1.2K tons)
- Argentina (1.1K tons)
- Turkey (1.0K tons)
- Thailand (1.0K tons)
Exports of Tobacco, Unmanufactured; Tobacco Refuse in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas shipments of tobacco, unmanufactured; tobacco refuses, which increased by 2.1% to 1.9K tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 3.6%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, tobacco, unmanufactured; tobacco refuse exports rose modestly to $13M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 5.4% against the previous year. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tobacco, Unmanufactured; Tobacco Refuse in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.2 | 7.6 | 8.9 | 8.2 | 9.8% |
| Turkey | 2.9 | 2.7 | 1.5 | 2.1 | -10.2% |
| United Arab Emirates | 0.3 | 0.3 | 1.0 | 0.9 | 44.2% |
| Singapore | 1.8 | 0.4 | 0.6 | 0.8 | -23.7% |
| Indonesia | 0.5 | 0.7 | 0.1 | 0.4 | -7.2% |
| Others | 0.4 | 1.0 | 0.3 | 0.2 | -20.6% |
| Total | 12.1 | 12.7 | 12.3 | 12.5 | 1.1% |
Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from South Korea in 2022:
- Russia (1030.5 tons)
- Turkey (308.4 tons)
- Singapore (263.4 tons)
- United Arab Emirates (178.8 tons)
- Indonesia (71.2 tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Republic of Korea.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
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This report provides an in-depth analysis of the unmanufactured tobacco market in Republic of Korea.
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This report provides an in-depth analysis of the global unmanufactured tobacco market.
812
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
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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.
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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
812
Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.
