Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines - 2023
Contents:
- Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (CIF) - 2022
- Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (FOB) - 2022
- Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines
- Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines
Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (CIF) - 2022
The average import price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.4 per unit in 2022, which is down by -87.1% against the previous year. Over the period under review, the import price showed a dramatic decrease. The growth pace was the most rapid in 2021 an increase of 1,290%. Over the period under review, average import prices hit record highs at $3.9 per unit in 2012; however, from 2013 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 Japan ($4.1 per unit), while the price for China ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (FOB) - 2022
The average export price for lighters; pocket, cigarette, gas fuelled, refillables stood at $5.9 per unit in 2022, with a decrease of -83% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 2,947%. As a result, the export price attained the peak level of $35 per unit, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($13 per unit), while the average price for exports to Hong Kong SAR stood at $2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines
In 2022, imports of lighters; pocket, cigarette, gas fuelled, refillables into the Philippines soared to 29K units, picking up by 756% on the year before. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports of attained the maximum at 51K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of lighters; pocket, cigarette, gas fuelled, refillables rose significantly to $12K in 2022. Overall, imports, however, saw a sharp descent. Imports peaked at $45K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 10.9 | N/A | 10.3 | 69.9% |
| Singapore | 0.8 | 0.4 | 4.6 | 0.1 | -50.0% |
| South Korea | 39.2 | N/A | N/A | N/A | 0% |
| Others | 3.4 | 0.1 | 5.9 | 1.2 | -29.3% |
| Total | 45.4 | 11.3 | 10.5 | 11.6 | -36.5% |
Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable to the Philippines in 2022:
- China (28.7K units)
Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines
In 2022, exports of lighters; pocket, cigarette, gas fuelled, refillables from the Philippines skyrocketed to 430 units, rising by 205% on the previous year's figure. In general, exports, however, showed a abrupt contraction. The exports peaked at 665 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of lighters; pocket, cigarette, gas fuelled, refillables dropped dramatically to $2.5K in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 546% against the previous year. As a result, the exports reached the peak of $4.9K, and then declined dramatically in the following year.
| Export of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | N/A | N/A | 2.0 | 0% | |
| Hong Kong SAR | N/A | N/A | 0.5 | 0% | |
| China | N/A | 4.0 | N/A | 0% | |
| France | 0.7 | N/A | N/A | 0% | |
| Netherlands | N/A | 0.7 | N/A | 0% | |
| Others | 0.1 | 0.3 | N/A | 200.0% | |
| Total | 0.8 | 4.9 | 2.5 | 76.8% | |
Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable from the Philippines in 2022:
- Hong Kong SAR (275.0 units)
- United Kingdom (155.0 units)
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This report provides an in-depth analysis of the lighter market in the Philippines.
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