Price for Tobacco, Unmanufactured; Tobacco Refuse in Singapore - 2022

Contents:

  1. Price for Tobacco, Unmanufactured; Tobacco Refuse in Singapore (CIF) - 2022
  2. Price for Tobacco, Unmanufactured; Tobacco Refuse in Singapore (FOB) - 2022
  3. Imports of Tobacco, Unmanufactured; Tobacco Refuse in Singapore
  4. Exports of Tobacco, Unmanufactured; Tobacco Refuse in Singapore

Price for Tobacco, Unmanufactured; Tobacco Refuse in Singapore (CIF) - 2022

The average tobacco, unmanufactured; tobacco refuse import price stood at $7,787 per ton in September 2022, shrinking by -8.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when the average import price increased by 14% against the previous month. The import price peaked at $9,570 per ton in May 2022; however, from June 2022 to September 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Argentina ($9,846 per ton), while the price for China ($4,286 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tobacco, Unmanufactured; Tobacco Refuse in Singapore (FOB) - 2022

The average tobacco, unmanufactured; tobacco refuse export price stood at $6,930 per ton in September 2022, shrinking by -16.6% against the previous month. Overall, export price indicated a buoyant expansion from January 2022 to September 2022: its price increased at an average monthly rate of +5.2% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, tobacco, unmanufactured; tobacco refuse export price decreased by -31.3% against May 2022 indices. The most prominent rate of growth was recorded in February 2022 an increase of 55% month-to-month. Over the period under review, the average export prices attained the maximum at $10,083 per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was South Korea ($13,902 per ton), while the average price for exports to Vietnam ($6,749 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+41.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tobacco, Unmanufactured; Tobacco Refuse in Singapore

After two years of decline, supplies from abroad of tobacco, unmanufactured; tobacco refuses increased by 59% to 15K tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse imports skyrocketed to $107M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tobacco, Unmanufactured; Tobacco Refuse in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia31.733.938.253.919.4%
Brazil19.26.67.415.9-6.1%
Zimbabwe9.27.33.19.61.4%
China5.84.14.97.17.0%
India6.13.43.16.0-0.5%
United States4.93.53.65.75.2%
Philippines2.51.82.03.06.3%
United Arab EmiratesN/A7.50.4N/A-94.7%
Others6.72.73.25.3-7.5%
Total85.970.865.81077.6%

Top Suppliers of Tobacco, Unmanufactured; Tobacco Refuse to Singapore in 2022:

  1. Indonesia (7.4K tons)
  2. Brazil (2.4K tons)
  3. China (1.3K tons)
  4. Zimbabwe (1.2K tons)
  5. India (1.0K tons)
  6. Philippines (0.7K tons)
  7. United States (0.7K tons)

Exports of Tobacco, Unmanufactured; Tobacco Refuse in Singapore

Tobacco, unmanufactured; tobacco refuse exports from Singapore skyrocketed to 10K tons in 2022, with an increase of 61% compared with the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tobacco, unmanufactured; tobacco refuse exports skyrocketed to $71M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tobacco, Unmanufactured; Tobacco Refuse in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam33.641.041.965.725.0%
Papua New Guinea2.51.00.21.9-8.7%
Indonesia0.91.51.11.826.0%
Others1.10.10.81.510.9%
Total38.143.643.970.923.0%

Top Export Markets for Tobacco, Unmanufactured; Tobacco Refuse from Singapore in 2022:

  1. Vietnam (9.4K tons)
  2. Indonesia (0.4K tons)
  3. Papua New Guinea (0.3K tons)

Source: IndexBox Market Intelligence Platform

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