Price for Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR - 2023
Contents:
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (CIF) - 2022
- Price for Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (FOB) - 2022
- Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR
- Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (CIF) - 2022
The average import price for tobacco; partly or wholly stemmed or stripped stood at $5,721 per ton in 2022, shrinking by -6.3% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $8,380 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 United States ($8,514 per ton), while the price for Zambia ($3,944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tobacco; partly or wholly stemmed or stripped amounted to $9,688 per ton, rising by 196% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +651.3% per year.
Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR
In 2022, the amount of tobacco; partly or wholly stemmed or stripped imported into Hong Kong SAR contracted sharply to 4.5K tons, dropping by -25.2% against the year before. In general, imports showed a precipitous slump. The smallest decline of -5.5% was in 2021.
In value terms, imports of tobacco; partly or wholly stemmed or stripped dropped rapidly to $26M in 2022. Overall, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.
| Import of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 16.5 | 11.0 | 7.5 | 9.5 | -16.8% |
| China | 17.3 | 16.5 | 10.3 | 6.7 | -27.1% |
| Zimbabwe | 19.0 | 2.7 | 13.2 | 5.2 | -35.1% |
| United States | 7.0 | N/A | 4.9 | 4.2 | -15.7% |
| Zambia | 2.6 | 0.4 | 1.2 | 0.4 | -46.4% |
| Vietnam | 1.1 | 1.0 | N/A | N/A | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 63.5 | 31.5 | 37.1 | 26.0 | -25.7% |
Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Hong Kong SAR in 2022:
- Brazil (1875.4 tons)
- China (1438.6 tons)
- Zimbabwe (633.6 tons)
- United States (495.0 tons)
- Zambia (99.0 tons)
Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR
In 2022, shipments abroad of tobacco; partly or wholly stemmed or stripped decreased by -99.5% to 77 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 152,229% against the previous year. As a result, the exports reached the peak of 183 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tobacco; partly or wholly stemmed or stripped declined markedly to $746 in 2022. In general, exports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of 115,445%. As a result, the exports reached the peak of $823K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tobacco; Partly or Wholly Stemmed or Stripped in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.4 | 0.3 | 1.0 | 0.7 | 20.5% |
| Cambodia | N/A | 78.7 | N/A | N/A | 0% |
| Indonesia | N/A | 740 | 54.7 | N/A | -92.6% |
| Others | 0.3 | 3.9 | N/A | N/A | 1200.0% |
| Total | 0.7 | 823 | 55.7 | 0.7 | 0.0% |
Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Hong Kong SAR in 2022:
- Canada (77.0 kg)
496
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