Republic of Korea - Tobacco (Smoking Tobacco, Chewing Tobacco, Snuff) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTobacco Price in South Korea - 2022
Contents:
- Tobacco Price in South Korea (FOB) - 2022
- Tobacco Price in South Korea (CIF) - 2022
- Tobacco Exports in South Korea
- Tobacco Imports in South Korea
Tobacco Price in South Korea (FOB) - 2022
In December 2022, the average tobacco export price amounted to $5,000 per ton, dropping by -4.3% against the previous month. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 55% against the previous month. The export price peaked at $11,330 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Russia ($8,207 per ton), while the average price for exports to the United Arab Emirates ($2,600 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tobacco Price in South Korea (CIF) - 2022
In 2022, the average tobacco import price amounted to $8,851 per ton, shrinking by -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $9,224 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($111,717 per ton), while the price for Malaysia ($4,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Tobacco Exports in South Korea
In 2022, the amount of tobacco (smoking tobacco, chewing tobacco, snuff) exported from South Korea expanded notably to 7.7K tons, with an increase of 11% compared with the year before. The total export volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, tobacco exports dropped to $42M in 2022. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 27%.
| Export of Tobacco in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.0 | 6.8 | 7.5 | 9.5 | 16.6% |
| Japan | 20.2 | 10.8 | 8.9 | 7.3 | -28.8% |
| Egypt | 3.1 | 2.5 | 3.0 | 4.1 | 9.8% |
| Russia | 2.1 | 2.7 | 3.1 | 4.1 | 25.0% |
| Nigeria | 4.9 | 2.7 | 0.5 | 3.0 | -15.1% |
| Iran | 1.0 | 1.4 | 1.2 | 1.9 | 23.9% |
| Jordan | 1.0 | 1.1 | 1.5 | 1.9 | 23.9% |
| Turkey | 0.9 | 0.6 | 0.5 | 1.2 | 10.1% |
| Thailand | 0.8 | 0.8 | 0.6 | 0.9 | 4.0% |
| Belarus | 0.3 | 0.5 | 0.4 | 0.5 | 18.6% |
| Taiwan (Chinese) | 0.6 | 0.5 | 0.2 | 0.5 | -5.9% |
| Paraguay | 1.6 | 1.4 | 0.7 | 0.5 | -32.1% |
| Hong Kong SAR | 0.4 | 0.7 | 0.6 | 0.4 | 0.0% |
| Others | 6.6 | 4.7 | 18.4 | 6.1 | -2.6% |
| Total | 49.4 | 37.2 | 47.1 | 42.1 | -5.2% |
Top Export Markets for Tobacco from South Korea in 2022:
- Indonesia (1331.6 tons)
- Japan (1105.2 tons)
- Nigeria (730.3 tons)
- Russia (691.7 tons)
- Iran (664.5 tons)
- Thailand (496.3 tons)
- Jordan (480.2 tons)
- Belarus (329.9 tons)
- Taiwan (Chinese) (288.3 tons)
- Turkey (283.4 tons)
- Egypt (259.9 tons)
- Hong Kong SAR (244.4 tons)
- Paraguay (233.3 tons)
Tobacco Imports in South Korea
In 2022, purchases abroad of tobacco (smoking tobacco, chewing tobacco, snuff) increased by 4.5% to 11K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, tobacco imports expanded modestly to $95M in 2022. In general, imports, however, recorded a relatively flat trend pattern.
| Import of Tobacco in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 42.5 | 42.0 | 24.3 | 30.1 | -10.9% |
| France | 14.7 | 19.1 | 13.1 | 24.0 | 17.8% |
| Indonesia | 0.5 | 4.1 | 1.2 | 20.7 | 245.9% |
| United States | 7.1 | 7.5 | 2.4 | 5.6 | -7.6% |
| Germany | 6.5 | 6.9 | 4.7 | 3.6 | -17.9% |
| United Arab Emirates | N/A | 0.3 | 1.3 | 3.1 | 221.5% |
| United Kingdom | 4.9 | 2.4 | 3.0 | 3.0 | -15.1% |
| Others | 19.2 | 13.9 | 43.1 | 4.6 | -37.9% |
| Total | 95.4 | 96.2 | 93.2 | 94.7 | -0.2% |
Top Suppliers of Tobacco to South Korea in 2022:
- Philippines (4.8K tons)
- Indonesia (2.2K tons)
- France (2.0K tons)
- United States (0.4K tons)
- Germany (0.4K tons)
- United Kingdom (0.3K tons)
- United Arab Emirates (0.2K tons)
This report provides an in-depth analysis of the tobacco market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 12001930 - Smoking tobacco (excluding tobacco duty)
- Prodcom 12001990 - Manufactured tobacco, extracts and essences, other homogenised or reconstituted tobacco, n.e.c.
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
872
This report provides an in-depth analysis of the tobacco market in Republic of Korea.
419
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Republic of Korea.
3445
This report provides an in-depth analysis of the global tobacco market.
533
This report provides an in-depth analysis of the global market for manufactured tobacco, extracts and essences.
564
Global Smoking Tobacco Market Report 2018. This report provides an in-depth analysis of the global smoking tobacco market.
872
This report provides an in-depth analysis of the tobacco market in Republic of Korea.
419
This report provides an in-depth analysis of the market for manufactured tobacco, extracts and essences in Republic of Korea.
3445
This report provides an in-depth analysis of the global tobacco market.
533
This report provides an in-depth analysis of the global market for manufactured tobacco, extracts and essences.
564
Global Smoking Tobacco Market Report 2018. This report provides an in-depth analysis of the global smoking tobacco market.
1074
In value terms, unmanufactured tobacco imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated ...
2440
In 2016, approx. X tons of tobacco were exported worldwide; increasing by X% against the previous year level. In general, tobacco exports continue to indicate a remarkable expansion. The pace of...
2110
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
1016
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
2314
In value terms, unmanufactured tobacco exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some n...
1074
In value terms, unmanufactured tobacco imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated ...
2440
In 2016, approx. X tons of tobacco were exported worldwide; increasing by X% against the previous year level. In general, tobacco exports continue to indicate a remarkable expansion. The pace of...
2110
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
1016
Global tobacco imports totaled X tons in 2016, going down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- howeve...
2314
In value terms, unmanufactured tobacco exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some n...
