Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines - 2023
Contents:
- Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (FOB) - 2023
- Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (CIF) - 2022
- Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines
- Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines
Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (FOB) - 2023
The average export price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $2.0 per unit in November 2023, surging by 22% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2.3 per unit in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was Hong Kong SAR ($2.5 per unit), while the average price for exports to Malaysia ($1.9 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (CIF) - 2022
The average import price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $1.1 per unit in 2022, picking up by 24% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 73% against the previous year. Over the period under review, average import prices hit record highs at $1.4 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($5.5 per unit), while the price for China ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines
After two years of decline, shipments abroad of lighters; pocket, cigarette, gas fuelled, non-refillables decreased by -42.9% to 6.7M units in 2022. Overall, exports saw a deep contraction. The exports peaked at 12M units in 2021, and then shrank markedly in the following year.
In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables dropped significantly to $10M in 2022. Over the period under review, exports recorded a deep reduction. Over the period under review, the exports of attained the peak figure at $19M in 2021, and then fell markedly in the following year.
| Export of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.6 | N/A | 4.9 | 5.6 | 110.5% |
| Indonesia | 5.7 | N/A | 4.8 | 2.7 | -22.0% |
| Hong Kong SAR | 1.9 | N/A | 3.0 | 1.7 | -3.6% |
| South Korea | N/A | N/A | 0.9 | 0.2 | -77.8% |
| Russia | 0.9 | N/A | 0.6 | N/A | -18.4% |
| Netherlands | 4.0 | N/A | 4.5 | N/A | 6.1% |
| Others | 0.9 | N/A | 0.3 | 0.1 | -51.9% |
| Total | 14.1 | N/A | 18.8 | 10.3 | -9.9% |
Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from the Philippines in 2022:
- Malaysia (4.0M units)
- Indonesia (1.5M units)
- Hong Kong SAR (0.9M units)
- South Korea (0.1M units)
Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines
In 2022, overseas purchases of lighters; pocket, cigarette, gas fuelled, non-refillables decreased by -36.9% to 2.4M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 541% against the previous year. As a result, imports reached the peak of 3.8M units, and then declined notably in the following year.
In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables shrank notably to $2.7M in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 789% against the previous year. As a result, imports reached the peak of $3.4M, and then fell notably in the following year.
| Import of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.8 | 283 | 2,427 | 1,633 | 335.3% |
| Netherlands | 0.4 | N/A | 261 | 739 | 1127.0% |
| Singapore | 285 | 2.7 | 244 | 169 | -16.0% |
| France | 173 | 2.6 | 258 | 104 | -15.6% |
| Hong Kong SAR | 118 | 69.8 | 21.6 | 0.7 | -81.9% |
| Others | 50.2 | 26.3 | 211 | 32.4 | -13.6% |
| Total | 647 | 385 | 3,423 | 2,677 | 60.5% |
Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to the Philippines in 2022:
- China (1900.1K units)
- Netherlands (280.5K units)
- Singapore (80.7K units)
- France (71.3K units)
- Hong Kong SAR (0.1K units)
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This report provides an in-depth analysis of the lighter market in the Philippines.
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This report provides an in-depth analysis of the lighter market in the Philippines.
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Global Lighter Market Report 2018. This report provides an in-depth analysis of the global lighter market.
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