Price for Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR - 2022
Contents:
- Price for Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (CIF) - 2022
- Price for Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (FOB) - 2022
- Imports of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR
- Exports of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR
Price for Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (CIF) - 2022
The average tobacco; "homogenised" or "reconstituted" import price stood at $2,540 per ton in 2022, reducing by -4.8% against the previous year. In general, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2015 an increase of 55%. As a result, import price reached the peak level of $4,034 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +23.4% per year.
Price for Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (FOB) - 2022
The average tobacco; "homogenised" or "reconstituted" export price stood at $23,140 per ton in 2022, falling by -19.4% against the previous year. Over the period under review, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90%. The export price peaked at $40,043 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($23,746 per ton), while the average price for exports to Canada totaled $7,608 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.4%).
Imports of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR
Tobacco; "homogenised" or "reconstituted" imports into Hong Kong SAR dropped rapidly to 207 tons in 2022, reducing by -62.2% compared with the previous year. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 35%.
In value terms, tobacco; "homogenised" or "reconstituted" imports shrank remarkably to $527K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year.
| Import of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 704 | 477 | 865 | 527 | -9.2% |
| China | 1,805 | 560 | 306 | N/A | -58.8% |
| Philippines | 55.9 | 43.9 | 137 | N/A | 56.6% |
| Others | 6.2 | 19.0 | 154 | N/A | 398.4% |
| Total | 2,572 | 1,100 | 1,462 | 527 | -41.0% |
Top Suppliers of Tobacco; "Homogenised" or "Reconstituted" to Hong Kong SAR in 2022:
- South Korea (207.4 tons)
Exports of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR
In 2022, approx. 1.1 tons of tobacco; "homogenised" or "reconstituted"s were exported from Hong Kong SAR; jumping by 43% on 2021. Overall, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, the exports attained the peak of 1.5 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tobacco; "homogenised" or "reconstituted" exports expanded remarkably to $24K in 2022. In general, exports, however, showed a abrupt contraction.
| Export of Tobacco; "Homogenised" or "Reconstituted" in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.0 | 24.7 | 20.1 | 24.1 | 29.9% |
| Canada | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Cambodia | N/A | 2.6 | N/A | N/A | 0% |
| Others | 24.8 | 0.1 | 0.9 | N/A | -80.9% |
| Total | 35.8 | 27.6 | 21.3 | 24.4 | -12.0% |
Top Export Markets for Tobacco; "Homogenised" or "Reconstituted" from Hong Kong SAR in 2022:
- Germany (1016.0 kg)
- Canada (40.0 kg)
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