Price for Tobacco, (Not Stemmed or Stripped) in Thailand - 2023
Contents:
- Price for Tobacco, (Not Stemmed or Stripped) in Thailand (FOB) - 2023
- Price for Tobacco, (Not Stemmed or Stripped) in Thailand (CIF) - 2023
- Exports of Tobacco, (Not Stemmed or Stripped) in Thailand
- Imports of Tobacco, (Not Stemmed or Stripped) in Thailand
Price for Tobacco, (Not Stemmed or Stripped) in Thailand (FOB) - 2023
The average export price for tobacco, (not stemmed or stripped)s stood at $4,795 per ton in July 2023, with an increase of 31% against the previous month. Over the period under review, the export price recorded a mild expansion. The growth pace was the most rapid in June 2023 when the average export price increased by 281% against the previous month. Over the period under review, the average export prices hit record highs at $5,321 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4,798 per ton), while the average price for exports to the Netherlands ($831 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tobacco, (Not Stemmed or Stripped) in Thailand (CIF) - 2023
In July 2023, the average import price for tobacco, (not stemmed or stripped)s amounted to $2,361 per ton, approximately reflecting the previous month. Overall, the import price, however, saw a perceptible reduction. Over the period under review, average import prices attained the maximum at $3,037 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Lao People's Democratic Republic.
From July 2022 to July 2023, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to -2.1% per month.
Exports of Tobacco, (Not Stemmed or Stripped) in Thailand
In 2022, the amount of tobacco, (not stemmed or stripped)s exported from Thailand surged to 6.2K tons, rising by 26% against 2021 figures. In general, exports, however, showed a deep slump.
In value terms, tobacco, (not stemmed or stripped) exports skyrocketed to $24M in 2022. Overall, exports, however, saw a abrupt shrinkage.
| Export of Tobacco, (Not Stemmed or Stripped) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.4 | 2.4 | 4.1 | 7.1 | 9.6% |
| Egypt | 2.6 | N/A | 1.5 | 4.7 | 21.8% |
| Philippines | 11.3 | 5.1 | 7.1 | 3.7 | -31.1% |
| Lao People's Democratic Republic | 3.6 | 3.8 | 2.9 | 2.8 | -8.0% |
| South Korea | 1.7 | 1.8 | 1.1 | 2.4 | 12.2% |
| Greece | N/A | 0.7 | 0.8 | 1.4 | 41.4% |
| United States | 1.5 | 0.7 | 0.2 | 1.0 | -12.6% |
| Belgium | 1.7 | 0.5 | N/A | N/A | -70.6% |
| Others | 2.5 | 1.7 | 0.7 | 0.7 | -34.6% |
| Total | 30.1 | 16.6 | 18.5 | 23.9 | -7.4% |
Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Thailand in 2022:
- Belgium (undefined tons)
- Indonesia (1557.8 tons)
- Egypt (1250.0 tons)
- Lao People's Democratic Republic (1185.8 tons)
- Philippines (817.5 tons)
- South Korea (526.5 tons)
- Greece (419.7 tons)
- United States (291.1 tons)
Imports of Tobacco, (Not Stemmed or Stripped) in Thailand
In 2022, overseas purchases of tobacco, (not stemmed or stripped)s decreased by -4.8% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tobacco, (not stemmed or stripped) imports contracted to $3.9M in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports reached the peak of $5.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tobacco, (Not Stemmed or Stripped) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 4.7 | 5.6 | 4.1 | 3.9 | -6.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.7 | 5.6 | 4.1 | 3.9 | -6.0% |
Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Thailand in 2022:
- Lao People's Democratic Republic (1258.7 tons)
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