Price for Tobacco; other than "homogenised" or "reconstituted" or "smoking" in South Korea - 2022
Contents:
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (CIF) - 2022
- Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (FOB) - 2022
- Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea
- Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (CIF) - 2022
In 2022, the average import price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s amounted to $7,850 per ton, waning by -14.7% against the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth was the most pronounced in 2017 an increase of 60% against the previous year. The import price peaked at $16,455 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the UK ($78,000 per ton), while the price for the Philippines ($5,646 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (FOB) - 2022
The average export price for tobacco; other than "homogenised" or "reconstituted" or "smoking"s stood at $8,613 per ton in December 2022, waning by -17.6% against the previous month. In general, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in April 2022 an increase of 40% m-o-m. The export price peaked at $13,175 per ton in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($13,005 per ton), while the average price for exports to Turkey stood at $5,744 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea
Imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s into South Korea dropped modestly to 3.3K tons in 2022, approximately equating 2021 figures. In general, imports continue to indicate a deep reduction.
In value terms, imports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s shrank to $26M in 2022. Over the period under review, imports faced a abrupt slump. The smallest decline of -4.5% was in 2021.
| Import of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 18.3 | 21.6 | 18.8 | 18.7 | 0.7% |
| Philippines | 3.1 | 3.4 | 4.6 | 4.5 | 13.2% |
| Germany | N/A | 1.8 | 2.5 | 1.9 | 2.7% |
| United Kingdom | 8.3 | 0.7 | N/A | N/A | -91.6% |
| Others | 7.8 | 4.2 | 4.4 | 0.6 | -57.5% |
| Total | 37.5 | 31.7 | 30.3 | 25.8 | -11.7% |
Top Suppliers of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" to South Korea in 2022:
- Indonesia (2204.0 tons)
- Philippines (798.4 tons)
- Germany (273.6 tons)
Exports of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of tobacco; other than "homogenised" or "reconstituted" or "smoking"s, when their volume decreased by -14.8% to 1.8K tons. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 2.1K tons, and then reduced in the following year.
In value terms, exports of tobacco; other than "homogenised" or "reconstituted" or "smoking"s reduced sharply to $15M in 2022. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 34%.
| Export of Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.0 | 2.4 | 4.1 | 5.4 | 39.2% |
| Indonesia | 6.6 | 9.0 | 10.2 | 4.6 | -11.3% |
| Jordan | 1.1 | 0.8 | 1.6 | 2.8 | 36.5% |
| Turkey | 1.0 | 0.8 | 0.6 | 1.8 | 21.6% |
| Japan | 19.5 | N/A | 0.2 | 0.3 | -75.1% |
| Vietnam | 1.4 | 0.3 | 0.9 | N/A | -19.8% |
| Ukraine | 4.8 | 4.9 | 7.1 | N/A | 21.6% |
| Others | 1.4 | 4.0 | 5.1 | 0.1 | -58.5% |
| Total | 37.7 | 22.3 | 29.9 | 14.9 | -26.6% |
Top Export Markets for Tobacco; Other than "Homogenised" or "Reconstituted" or "Smoking" from South Korea in 2022:
- Indonesia (612.0 tons)
- Russia (470.4 tons)
- Jordan (386.1 tons)
- Turkey (320.0 tons)
- Japan (12.5 tons)
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