Price for Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia - 2023

Contents:

1. Price for Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia (CIF) - 2022
2. Price for Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia (FOB) - 2022
3. Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia
4. Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia

Price for Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia (CIF) - 2022

In 2022, the average import price for tobacco; partly or wholly stemmed or stripped amounted to $7,069 per ton, picking up by 283% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $7,432 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Thailand ($16,500 per ton), while the price for India ($2,231 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia (FOB) - 2022

In 2022, the average export price for tobacco; partly or wholly stemmed or stripped amounted to $1,000 per ton, dropping by -62.1% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 16%. The export price peaked at $7,384 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +2.4% per year.

Imports of Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia

In 2022, approx. 1.7 tons of tobacco; partly or wholly stemmed or stripped were imported into Malaysia; with a decrease of -98.1% on the previous year. Overall, imports recorded a precipitous decrease. The smallest decline of -22.5% was in 2021.

In value terms, imports of tobacco; partly or wholly stemmed or stripped contracted rapidly to $12K in 2022. In general, imports recorded a precipitous shrinkage. The smallest decline of -60.4% was in 2021.

Top Suppliers of Tobacco; Partly or Wholly Stemmed or Stripped to Malaysia in 2022:

1. Brazil (1655.0 kg)
2. India (39.0 kg)
3. Thailand (2.0 kg)

Exports of Tobacco; Partly or Wholly Stemmed or Stripped in Malaysia

In 2022, shipments abroad of tobacco; partly or wholly stemmed or stripped decreased by 99.9% to 11 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports reached the peak of 271 tons, and then declined sharply in the following year.

In value terms, exports of tobacco; partly or wholly stemmed or stripped fell rapidly to $11 in 2022. In general, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of $715K, and then dropped dramatically in the following year.

Top Export Markets for Tobacco; Partly or Wholly Stemmed or Stripped from Malaysia in 2022:

1. Philippines (11.0 kg)

Source: IndexBox Market Intelligence Platform