Price for Tobacco, (Not Stemmed or Stripped) in Singapore - 2022

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Singapore (CIF) - 2022
  2. Price for Tobacco, (Not Stemmed or Stripped) in Singapore (FOB) - 2022
  3. Imports of Tobacco, (Not Stemmed or Stripped) in Singapore
  4. Exports of Tobacco, (Not Stemmed or Stripped) in Singapore

Price for Tobacco, (Not Stemmed or Stripped) in Singapore (CIF) - 2022

The average import price for tobacco, (not stemmed or stripped)s stood at $4,951 per ton in 2022, growing by 28% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 116% against the previous year. The import price peaked at $6,029 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($21,152 per ton), while the price for Brazil ($1,765 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, (Not Stemmed or Stripped) in Singapore (FOB) - 2022

The average export price for tobacco, (not stemmed or stripped)s stood at $2,013 per ton in 2022, which is down by -71.1% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 152% against the previous year. As a result, the export price attained the peak level of $10,644 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,020 per ton), while the average price for exports to Vietnam stood at $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tobacco, (Not Stemmed or Stripped) in Singapore

In 2022, purchases abroad of tobacco, (not stemmed or stripped)s decreased by -93.2% to 1.6 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 2,865%. As a result, imports attained the peak of 347 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco, (not stemmed or stripped) imports dropped dramatically to $7.8K in 2022. In general, imports faced a sharp slump. The growth pace was the most rapid in 2020 with an increase of 6,311% against the previous year. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Tobacco, (Not Stemmed or Stripped) in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.24.27.03.9169.2%
United StatesN/A3.37.02.9-6.3%
Brazil0.10.30.20.344.2%
ChinaN/A1,7390.30.3-98.7%
IndonesiaN/A41.158.7N/A42.8%
United Arab EmiratesN/A13.115.2N/A16.0%
Myanmar28.0N/AN/AN/A0%
OthersN/A13.31.40.4-82.7%
Total28.31,81589.97.8-34.9%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Singapore in 2022:

  1. India (1191.0 kg)
  2. Brazil (170.0 kg)
  3. United States (138.0 kg)
  4. China (50.0 kg)
  5. Indonesia (8.0 kg)

Exports of Tobacco, (Not Stemmed or Stripped) in Singapore

In 2022, shipments abroad of tobacco, (not stemmed or stripped)s decreased by -61.3% to 3.9 tons, falling for the second year in a row after two years of growth. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 993%. As a result, the exports reached the peak of 325 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tobacco, (not stemmed or stripped) exports fell markedly to $7.9K in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 932% against the previous year. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Tobacco, (Not Stemmed or Stripped) in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A7.80%
Indonesia17486.370.8N/A-36.2%
VietnamN/A1,707N/AN/A0%
OthersN/A0.10.10.10.0%
Total1741,79370.97.9-64.3%

Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Singapore in 2022:

  1. Vietnam (undefined tons)
  2. Germany (3.9 tons)

Source: IndexBox Market Intelligence Platform

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