Eastern Asia: Tobacco Market 2024

Tobacco Market Size in Eastern Asia

The East Asian tobacco market fell dramatically to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tobacco Production in Eastern Asia

In value terms, tobacco production stood at $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Tobacco Exports

Exports in Eastern Asia

In 2022, the amount of tobacco (smoking tobacco, chewing tobacco, snuff) exported in Eastern Asia declined to X tons, waning by X% on the previous year. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco exports reduced sharply to $X in 2022. In general, exports saw a mild decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and South Korea (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports. Taiwan (Chinese) (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Japan lagged somewhat behind, accounting for a further X%.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Tobacco Imports

Imports in Eastern Asia

In 2022, the amount of tobacco (smoking tobacco, chewing tobacco, snuff) imported in Eastern Asia fell notably to X tons, with a decrease of X% compared with the previous year's figure. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tobacco imports plummeted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

South Korea (X tons) and China (X tons) represented the largest importers of tobacco (smoking tobacco, chewing tobacco, snuff) in 2022, reaching near X% and X% of total imports, respectively. Taiwan (Chinese) (X tons) ranks next in terms of the total imports with a X% share, followed by Japan (X%), Democratic People's Republic of Korea (X%) and Hong Kong SAR (X%).

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, showed a notable increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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