Philippines - 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 the Philippines - 2023
Contents:
- Price for Manufactured Tobacco, Extracts and Essences in the Philippines (FOB) - 2023
- Price for Manufactured Tobacco, Extracts and Essences in the Philippines (CIF) - 2023
- Exports of Manufactured Tobacco, Extracts and Essences in the Philippines
- Imports of Manufactured Tobacco, Extracts and Essences in the Philippines
Price for Manufactured Tobacco, Extracts and Essences in the Philippines (FOB) - 2023
In June 2023, the average export price for manufactured tobacco, extracts and essences amounted to $6,671 per ton, with an increase of 14% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 49% m-o-m. The export price peaked at $8,076 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($8,800 per ton), while the average price for exports to Vietnam ($5,675 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Manufactured Tobacco, Extracts and Essences in the Philippines (CIF) - 2023
The average import price for manufactured tobacco, extracts and essences stood at $7,312 per ton in June 2023, reducing by -15.8% against the previous month. In general, the import price saw a deep downturn. The pace of growth was the most pronounced in November 2022 an increase of 126% month-to-month. Over the period under review, average import prices reached the maximum at $13,737 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($22,650 per ton), while the price for Malaysia ($3,360 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Manufactured Tobacco, Extracts and Essences in the Philippines
In 2022, manufactured tobacco, extracts and essences exports from the Philippines skyrocketed to 11K tons, picking up by 74% on the year before. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, manufactured tobacco, extracts and essences exports soared to $58M in 2022. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Manufactured Tobacco, Extracts and Essences in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.0 | 7.9 | 10.2 | 18.9 | 166.4% |
| Malaysia | 20.1 | 5.5 | 0.1 | 15.5 | -8.3% |
| India | 5.1 | 3.7 | 6.3 | 11.6 | 31.5% |
| Cambodia | 1.6 | 1.7 | 3.0 | 5.5 | 50.9% |
| Vietnam | 2.2 | 0.4 | 0.3 | 1.8 | -6.5% |
| Indonesia | 1.8 | 0.2 | 0.6 | 1.6 | -3.9% |
| Thailand | N/A | N/A | 13.5 | N/A | 0% |
| Lithuania | 4.9 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 3.4 | N/A | N/A | 0% |
| Others | 0.3 | 0.7 | 2.6 | 2.7 | 108.0% |
| Total | 37.0 | 23.5 | 36.6 | 57.6 | 15.9% |
Top Export Markets for Manufactured Tobacco, Extracts and Essences from the Philippines in 2022:
- South Korea (3.5K tons)
- Malaysia (2.9K tons)
- India (2.2K tons)
- Cambodia (1.7K tons)
- Indonesia (0.4K tons)
- Vietnam (0.4K tons)
Imports of Manufactured Tobacco, Extracts and Essences in the Philippines
Manufactured tobacco, extracts and essences imports into the Philippines declined dramatically to 1.8K tons in 2022, with a decrease of -71.1% against the year before. In general, imports showed a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 27%.
In value terms, manufactured tobacco, extracts and essences imports declined dramatically to $9.2M in 2022. Over the period under review, imports saw a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 106%. As a result, imports attained the peak of $33M, and then declined remarkably in the following year.
| Import of Manufactured Tobacco, Extracts and Essences in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 19.1 | 1.7 | 11.1 | 3.9 | -41.1% |
| Malaysia | 8.4 | 10.5 | 7.9 | 3.1 | -28.3% |
| South Korea | 0.1 | 2.0 | 5.0 | 1.8 | 162.1% |
| Germany | 0.6 | N/A | 0.5 | 0.2 | -30.7% |
| Japan | N/A | N/A | 6.1 | N/A | 0% |
| Marshall Islands | 1.1 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 1.6 | 1.9 | 0.2 | -45.0% |
| Total | 30.5 | 15.8 | 32.5 | 9.2 | -32.9% |
Top Suppliers of Manufactured Tobacco, Extracts and Essences to the Philippines in 2022:
- Malaysia (937.9 tons)
- Russia (732.9 tons)
- South Korea (56.7 tons)
- Germany (32.0 tons)
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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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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