Tobacco Refuse Price in Vietnam - 2021
Contents:
- Tobacco Refuse Price in Vietnam (CIF) - 2022
- Tobacco Refuse Price in Vietnam (FOB) - 2022
- Tobacco Refuse Imports in Vietnam
- Tobacco Refuse Exports in Vietnam
Tobacco Refuse Price in Vietnam (CIF) - 2022
In 2022, the average tobacco refuse import price amounted to $872 per ton, waning by -2.2% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco refuse import price increased by +3.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 75% against the previous year. The import price peaked at $920 per ton in 2019; however, from 2020 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 Myanmar ($2,033 per ton), while the price for Brazil ($845 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tobacco Refuse Price in Vietnam (FOB) - 2022
In 2022, the average tobacco refuse export price amounted to $763 per ton, dropping by -12.6% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. As a result, the export price reached the peak level of $1,207 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($861 per ton), while the average price for exports to Cambodia totaled $760 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.4%), while the prices for the other major destinations experienced a decline.
Tobacco Refuse Imports in Vietnam
After three years of growth, supplies from abroad of tobacco refuses decreased by -15.3% to 8.4K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of 9.9K tons, and then contracted notably in the following year.
In value terms, tobacco refuse imports dropped significantly to $7.3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $8.9M, and then contracted significantly in the following year.
| Import of Tobacco Refuse in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 2.6 | 5.8 | 4.6 | 52.4% |
| Brazil | 3.6 | 2.9 | 2.6 | 2.4 | -12.6% |
| Myanmar | 0.3 | 0.1 | 0.4 | 0.3 | 0.0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 5.2 | 5.8 | 8.9 | 7.3 | 12.0% |
Top Suppliers of Tobacco Refuse to Vietnam in 2022:
- China (5.5K tons)
- Brazil (2.8K tons)
- Myanmar (0.2K tons)
Tobacco Refuse Exports in Vietnam
In 2022, approx. 3.2K tons of tobacco refuses were exported from Vietnam; rising by 45% against the previous year's figure. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 194% against the previous year. As a result, the exports attained the peak of 4.2K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, tobacco refuse exports skyrocketed to $2.5M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 154% against the previous year. As a result, the exports attained the peak of $3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tobacco Refuse in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 514 | 2,582 | 1,874 | 2,364 | 66.3% |
| Indonesia | 160 | 29.8 | 57.7 | 80.0 | -20.6% |
| South Korea | N/A | 291 | N/A | N/A | 0% |
| China | 402 | N/A | N/A | N/A | 0% |
| Others | 104 | 90.5 | 16.0 | 25.9 | -37.1% |
| Total | 1,180 | 2,993 | 1,948 | 2,470 | 27.9% |
Top Export Markets for Tobacco Refuse from Vietnam in 2022:
- Cambodia (3.1K tons)
- Indonesia (0.1K tons)
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This report provides an in-depth analysis of the unmanufactured tobacco market in Vietnam.
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