Price for Tobacco, (Not Stemmed or Stripped) in Vietnam - 2021

Contents:

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

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

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $5,935 per ton, which is down by -5.1% against the previous year. Overall, the import price, however, recorded a measured expansion. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. The import price peaked at $6,255 per ton in 2021, and then reduced in the following year.

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 Bulgaria ($7,481 per ton), while the price for Turkey ($4,449 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tobacco, (not stemmed or stripped)s stood at $1,961 per ton in 2022, waning by -6.3% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 16%. The export price peaked at $5,219 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($2,523 per ton), while the average price for exports to Indonesia ($829 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-0.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, after two years of decline, there was significant growth in purchases abroad of tobacco, (not stemmed or stripped)s, when their volume increased by 5.3% to 2.8K tons. Over the period under review, imports, however, faced a sharp descent.

In value terms, tobacco, (not stemmed or stripped) imports fell to $17M in 2022. Overall, imports, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 0.2% against the previous year.

Import of Tobacco, (Not Stemmed or Stripped) in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China51.911.911.68.9-44.4%
Cambodia10.23.03.14.4-24.4%
Turkey1.70.50.61.5-4.1%
SingaporeN/A0.10.30.4100.0%
North Macedonia0.40.20.20.3-9.1%
Bulgaria1.70.40.30.3-43.9%
Others2.00.50.50.8-26.3%
Total67.916.616.616.6-37.5%

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

  1. China (1490.4 tons)
  2. Cambodia (686.6 tons)
  3. Turkey (344.8 tons)
  4. Singapore (60.2 tons)
  5. North Macedonia (48.8 tons)
  6. Bulgaria (43.0 tons)

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

In 2022, the amount of tobacco, (not stemmed or stripped)s exported from Vietnam shrank dramatically to 721 tons, with a decrease of -26.6% against the previous year's figure. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. As a result, the exports reached the peak of 982 tons, and then dropped significantly in the following year.

In value terms, tobacco, (not stemmed or stripped) exports fell notably to $1.4M in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. As a result, the exports attained the peak of $2.1M, and then declined sharply in the following year.

Export of Tobacco, (Not Stemmed or Stripped) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cambodia16414577852647.5%
Germany2131793782769.0%
Philippines280211400263-2.1%
Malaysia190138252160-5.6%
Greece29.927.864.752.320.5%
Lao People's Democratic Republic34.48.159.740.35.4%
Azerbaijan25.721.344.532.17.7%
Indonesia22.911.610.715.2-12.8%
Others37.732.068.751.110.7%
Total9987742,0561,41512.3%

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

  1. Cambodia (239.6 tons)
  2. Malaysia (129.5 tons)
  3. Germany (126.5 tons)
  4. Philippines (104.3 tons)
  5. Lao People's Democratic Republic (46.3 tons)
  6. Greece (43.7 tons)
  7. Indonesia (18.3 tons)
  8. Azerbaijan (8.5 tons)

Source: IndexBox Market Intelligence Platform

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