Republic of Korea - Manufactured Tobacco, Extracts And Essences - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Manufactured Tobacco, Extracts and Essences in South Korea - 2022
Contents:
- Price for Manufactured Tobacco, Extracts and Essences in South Korea (CIF) - 2022
- Price for Manufactured Tobacco, Extracts and Essences in South Korea (FOB) - 2022
- Imports of Manufactured Tobacco, Extracts and Essences in South Korea
- Exports of Manufactured Tobacco, Extracts and Essences in South Korea
Price for Manufactured Tobacco, Extracts and Essences in South Korea (CIF) - 2022
In 2022, the average import price for manufactured tobacco, extracts and essences amounted to $10,137 per ton, shrinking by -2.3% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manufactured tobacco, extracts and essences import price decreased by -11.5% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $11,452 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($107,561 per ton), while the price for Malaysia ($4,228 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Manufactured Tobacco, Extracts and Essences in South Korea (FOB) - 2022
The average export price for manufactured tobacco, extracts and essences stood at $4,640 per ton in December 2022, dropping by -9.2% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 72% against the previous month. As a result, the export price reached the peak level of $6,460 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($8,207 per ton), while the average price for exports to the United Arab Emirates ($2,600 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Manufactured Tobacco, Extracts and Essences in South Korea
In 2022, overseas purchases of manufactured tobacco, extracts and essences decreased by -86.3% to 844 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 0.8%. As a result, imports reached the peak of 6.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, manufactured tobacco, extracts and essences imports reduced rapidly to $8.6M in 2022. In general, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 5.1% against the previous year. As a result, imports reached the peak of $67M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Manufactured Tobacco, Extracts and Essences in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 27.8 | 29.5 | 19.6 | 3.3 | -50.9% |
| Indonesia | N/A | 0.8 | N/A | 2.3 | 69.6% |
| Philippines | 5.7 | 13.8 | 7.2 | 0.9 | -46.0% |
| United States | 13.4 | 11.6 | 3.5 | 0.7 | -62.6% |
| Germany | 5.7 | 4.0 | 2.8 | 0.5 | -55.6% |
| United Kingdom | 1.8 | 0.9 | 1.3 | 0.4 | -39.4% |
| Netherlands | 3.1 | 0.7 | 0.1 | 0.1 | -68.2% |
| Malaysia | 0.6 | 0.4 | 0.6 | 0.1 | -45.0% |
| Others | 6.1 | 5.7 | 28.5 | 0.3 | -63.4% |
| Total | 64.2 | 67.4 | 63.8 | 8.6 | -48.8% |
Top Suppliers of Manufactured Tobacco, Extracts and Essences to South Korea in 2022:
- France (259.2 tons)
- Indonesia (248.7 tons)
- Philippines (148.2 tons)
- United States (56.3 tons)
- Germany (49.3 tons)
- United Kingdom (43.4 tons)
- Malaysia (22.7 tons)
- Netherlands (7.6 tons)
Exports of Manufactured Tobacco, Extracts and Essences in South Korea
In 2022, overseas shipments of manufactured tobacco, extracts and essences decreased by -84.1% to 867 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 5.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, manufactured tobacco, extracts and essences exports contracted rapidly to $7.4M in 2022. Overall, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Manufactured Tobacco, Extracts and Essences in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.9 | 6.8 | 7.4 | 2.0 | -30.3% |
| Egypt | 3.0 | 2.7 | 3.0 | 0.9 | -33.1% |
| Russia | 2.1 | 2.6 | 3.1 | 0.9 | -24.6% |
| Nigeria | 4.7 | 2.9 | 0.5 | 0.7 | -47.0% |
| Iran | 1.2 | 1.1 | 1.2 | 0.4 | -30.7% |
| Jordan | 0.9 | 1.0 | 1.5 | 0.4 | -23.7% |
| Turkey | 0.9 | 0.6 | 0.5 | 0.3 | -30.7% |
| Vietnam | 0.1 | 0.2 | 0.6 | 0.2 | 26.0% |
| Thailand | 1.0 | 0.6 | 0.6 | 0.2 | -41.5% |
| Belarus | 0.4 | 0.4 | 0.4 | 0.1 | -37.0% |
| Taiwan (Chinese) | 0.6 | 0.5 | 0.2 | 0.1 | -45.0% |
| Paraguay | 2.1 | 1.1 | 0.7 | 0.1 | -63.8% |
| Hong Kong SAR | 0.5 | 0.5 | 0.6 | 0.1 | -41.5% |
| Others | 21.1 | 10.8 | 17.6 | 1.2 | -61.5% |
| Total | 44.5 | 31.8 | 37.8 | 7.4 | -45.0% |
Top Export Markets for Manufactured Tobacco, Extracts and Essences from South Korea in 2022:
- Nigeria (173.8 tons)
- Indonesia (168.2 tons)
- Russia (88.2 tons)
- Egypt (61.8 tons)
- Iran (60.5 tons)
- Jordan (59.2 tons)
- Thailand (45.2 tons)
- Turkey (38.6 tons)
- Belarus (30.0 tons)
- Taiwan (Chinese) (27.5 tons)
- Hong Kong SAR (22.3 tons)
- Paraguay (21.2 tons)
- Vietnam (17.3 tons)
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 12001990 - Manufactured tobacco, extracts and essences, other homogenised or reconstituted tobacco, n.e.c.
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
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Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
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